Advertisement “The digital innovation continues to strengthen India’s financial ecosystem, empowering countless lives,” Prime Minister Narendra Modi said on Sunday. Modi commended the Reserve Bank of India (RBI) for bagging the Digital Transformation Award 2025 from the Central Banking, London, UK. Taking to X, Modi said: "A commendable accomplishment, reflecting an emphasis towards innovation and efficiency in governance. Advertisement "Digital innovation continues to strengthen India’s financial ecosystem, thus empowering countless lives." The RBI has been selected by Central Banking, London, UK, for the Digital Transformation Award 2025. Advertisement It was awarded and recognised for its initiatives, including the Pravaah and Sarthi systems, which were developed by the in-house developer team. The awards committee noted how these digital initiatives have reduced the use of paper-based submissions, thus transforming RBI’s internal and external processes. London-headquartered Central Banking has provided independent coverage, detailed data analysis, expert training and truly global networking events for more than 3 decades. The Reserve Bank of India is termed a “big and complex organisation” with around 13,500 staff members spread across more than 40 branch offices, the Central Banking staff noted, while adding that it calls itself a ‘full service’ central bank, in the sense that it […]
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