RBI’s Digital Innovations Pravaah and Sarthi Earn Global Recognition

Quick Summary

• The Reserve Bank of India (RBI) received the Digital transformation award 2025 from Central Banking, London.
• The RBI was recognized for its digital initiatives: Pravaah and Sarthi systems.
• Sarthi, launched in January 2023, digitized all internal workflows at the RBI to improve document management and data analysis.
• Pravaah started in may 2024,allowing external users to digitally submit regulatory applications to the RBI.
• Both systems improved efficiency by reducing paper usage and enhancing cybersecurity measures.
• Successful implementation involved extensive staff collaboration and training through initiatives like Sarthi Pathshala and onboard ‘nodal officers.’

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Indian Opinion Analysis

The recognition of the RBI’s digital transformation efforts underscores India’s progress towards a more efficient governmental infrastructure. By adopting digital methodologies such as Pravaah and Sarthi, the RBI has significantly improved its operational efficiency while also setting a benchmark for other financial institutions in India. This transition not only aids in reducing operational costs but also aligns with global trends toward digitization. Additionally, this initiative highlights effective internal interaction strategies within organizations as collaborative approaches were pivotal for successful implementation.

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