In News:

The Reserve Bank of India (RBI) was awarded the Digital Transformation Award 2025 by Central Banking (UK) for its in-house digital innovations — Sarthi and Pravaah — marking a significant step in the digitization of internal and external regulatory processes.

Sarthi System (Launched January 2023)

• Objective: Digitize RBI’s internal workflows and reduce reliance on paper-based systems.
• Key Features:
  • Secure document storage and sharing for over 13,500 employees across 40+ locations.
  • Enhanced record management and data analysis through dashboards and reports.
  • Automation of internal tasks such as approvals, tracking, and documentation.
• Support Infrastructure:
  • SarthiPathshala: Online and in-person training module for staff.
  • SarthiMitras: Designated personnel in each office to provide user assistance.

Pravaah System (Launched May 2024)

• Objective: Facilitate external submission of regulatory applications digitally.
• Key Features:
  • Integration with Sarthi for streamlined processing.
  • Supports 70+ regulatory application types across 9 departments.
  • Enhanced efficiency, transparency, and real-time tracking.
  • Centralized cybersecurity and monitoring framework.
• Impact:
  • 80% increase in monthly application submissions.
  • Major reduction in delays caused by manual and paper-based procedures.

Significance

• Reflects India’s push toward governance digitization and institutional efficiency.
• Demonstrates how indigenous technology solutions can modernize financial regulation and public administration.