Prime Minister Narendra Modi commended the Reserve Bank of India for winning the Digital Transformation Award 2025, highlighting the institution’s focus on innovation and efficiency in governance. The RBI was recognized for its digital initiatives, specifically the Pravaah and Sarthi systems, which have significantly reduced the reliance on paper-based processes.
On March 16, 2025, Prime Minister Narendra Modi praised the Reserve Bank of India (RBI) for receiving the Digital Transformation Award 2025, calling it a noteworthy achievement. This accolade exemplifies the RBI’s commitment to innovation and efficiency within governance.
The RBI announced on X that it had been recognized for this prestigious award by Central Banking based in London, UK. This recognition is attributed to the RBI’s initiatives, including the Pravaah and Sarthi systems, developed by its in-house team. The awards committee noted the significant reduction in paper-based submissions due to these digital transformations.
In his post, Prime Minister Modi emphasized that this accomplishment highlights the ongoing push for digital innovation in the financial sector, ultimately benefiting many lives across India. He stated, “Digital innovation continues to strengthen India’s financial ecosystem, thus empowering countless lives.”
The recognition of the Reserve Bank of India with the Digital Transformation Award 2025 demonstrates a robust commitment to innovation and efficiency in governance. Prime Minister Modi’s remarks affirm that digital advancements are pivotal in enhancing India’s financial landscape and empowering its citizens.
Original Source: www.business-standard.com
