Mumbai, March 16 -- March 16:The Reserve Bank of India has won the Digital Transformation Award 2025, instituted by Central Banking, London. The RBI has been selected for the award for rolling out digital initiatives, including Pravaah and Sarthi systems, that have reduced the use of paper-based submissions to transform its internal and external processes.
Central Banking, in a press statement said that the two initiatives have been key to this work. Sarthi, the Hindi word for 'charioteer,' digitised all the RBI's internal workflows. It went live in January 2023, helping employees to store and share documents securely, improving record management and increasing the options for data analysis through reports and dashboards.
A second stage o...