RBI Wins Digital Transformation Award 2025 for Pravaah and Sarthi Initiatives
| Aspect | Details |
|---|---|
| Why in News? | RBI won the Digital Transformation Award 2025 by Central Banking, London for its digital initiatives Sarthi and Pravaah. |
| Awarding Institution | Central Banking, London, UK |
| Award Year | 2025 |
| Digital Initiatives | Sarthi (internal workflow system) and Pravaah (external regulatory application portal) |
| Launch Dates | Sarthi - January 2023; Pravaah - May 2024 |
| Key Features of Sarthi | Digitization of workflows, improved record management, secure document sharing, and unified database. |
| Key Features of Pravaah | Digital regulatory applications, centralized security, integration with Sarthi, and increased application processing efficiency. |
| Impact | 80% increase in monthly applications, reduced paper-based submissions, improved collaboration, and enhanced cybersecurity. |