RBI wins award for Sarthi, Pravaah initiatives: What are they?
What's the story
The Reserve Bank of India (RBI) has been conferred with the Digital Transformation Award 2025 by London's Central Banking.
The award was given in recognition of the bank's innovative digital initiatives, Pravaah and Sarthi. These systems have greatly streamlined internal and external processes, minimizing paper-based submissions.
Prime Minister Narendra Modi lauded RBI's achievement as a testament to its commitment to innovation and efficiency in governance.
Project #1
Sarthi: A digital transformation within RBI
Launched in January 2023, the Sarthi system is a digital initiative that seeks to transform all internal workflows of the RBI.
Named after the Hindi word for 'charioteer,' it enables workers to securely store and share documents while improving record management and data analysis through reports and dashboards.
This system has played a key role in streamlining operations within the central bank, adding to its overall efficiency.
Project #2
What does Pravaah do?
After the success of Sarthi, RBI launched the Pravaah system in May 2024.
Meaning 'smooth flow' in Hindi, this platform allows external users to file regulatory applications digitally.
It integrates seamlessly with the Sarthi database for processing in RBI's offices.
The move toward a fully-digital infrastructure has greatly enhanced transparency and efficiency at the central bank, marking another major milestone in its digital transformation journey.
Team recognition
RBI's in-house development team lauded for digital initiatives
RBI has credited its in-house development team for conceptualizing and executing these digital initiatives.
The bank wrote on X, "RBI was awarded and recognized for its initiatives, including Pravaah and Sarthi systems, that have been developed by the in-house developer team."
This recognition highlights the significance of internal expertise in leading digital transformation in one of the world's top central banks.