Q. Which banking institution won the Digital Transformation Award 2025 by Central Banking, London?
Answer:
Reserve Bank of India (RBI)
Notes: The Reserve Bank of India (RBI) won the Digital Transformation Award 2025 from Central Banking, London for its digital initiatives Sarthi and Pravaah. Sarthi, launched in January 2023, digitized RBI’s internal workflows, improving document sharing, record management, and data analysis for 13,500 employees across 40+ locations. Pravaah, launched in May 2024, digitized 70+ regulatory applications, enhancing efficiency and transparency with real-time tracking. Pravaah increased monthly applications by 80%, reducing delays from paper-based systems. Prime Minister Narendra Modi praised RBI’s achievement, calling it a milestone in India’s financial digital transformation.
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