PM Modi praises RBI's digital transformation award win

Prime Minister Narendra Modi congratulated the Reserve Bank of India (RBI) for winning the 'Digital Transformation Award 2025' from Central Banking in London. He praised the RBI's digital initiatives for enhancing efficiency and reducing paper-based processes. The RBI's award-winning projects, 'Saarathi' and 'Pravaah', have transformed its internal and external operations. 'Saarathi' digitizes internal workflows, while 'Pravaah' allows external users to submit regulatory applications digitally. These initiatives have improved document management and operational efficiency at the RBI. They have also automated processes and integrated various systems, benefiting multiple departments within the bank.