RBI wins Digital Transformation Award 2025 by UK’s Central Banking for tech innovations ‘Sarthi’, ‘Pravaah’

The Reserve Bank of India (RBI) was selected for the Digital Transformation Award 2025 on March 13. India’s central bank, the Reserve Bank of India (RBI), has been selected for the Central Banking’s Digital Transformation Award 2025 in London, United Kingdom, on Friday, March 14, as per a social media post on platform X. “The Reserve Bank of India has been selected for the Digital Transformation Award 2025 by Central Banking, London, UK,” said RBI in its post on platform X. Also Read | The IndusInd Bank share crash holds many lessons: Most of all for RBI According to the social media post, the Reserve Bank of India was awarded this recognition for its initiatives like the Pravaah and Sarthi systems, which have been developed in-house. “ RBI was awarded and recognised for its initiatives, including Pravaah and Sarthi systems, that have been developed by in-house developer team. The awards committee noted how these digital initiatives have reduced use of paper-based submissions thus transforming RBI’s internal and external processes,” said RBI in its post on Friday. Also Read | Mint Explainer: RBI’s premature redemption of sovereign gold bonds What is RBI Sarthi? RBI’s Sarthi system is a digital initiative […]

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