Innovation Strengthening Digital Ecosystem, Says PM

A commendable accomplishment, reflecting an emphasis towards innovation and efficiency in governance - Narendra Modi, Prime Minister

New Delhi: Prime Minister Narendra Modi on Sunday congratulated the Reserve Bank of India (RBI) for winning the ‘Digital Transformation Award 2025’ by Central Banking, London. PM Modi shared his appreciation on social media platform X, quoting RBI’s post and calling it a remarkable achievement.

He emphasised that digital innovation is strengthening India’s digital ecosystem, empowering millions of people across the country. “A commendable accomplishment, reflecting an emphasis towards innovation and efficiency in governance,” said PM Modi in the post. “Digital innovation continues to strengthen India’s financial ecosystem, thus empowering countless lives,” the Prime Minister added.

The Central Bank received the prestigious award for its digital initiatives, ‘Saarathi’ and ‘Pravaah’, which were developed by its in-house tech team.The bank regulator took social media platform X to inform the same. “The Reserve Bank of India has been selected for the Digital Transformation Award 2025 by Central Banking, London, UK,” the RBI announced.

The award committee recognised how these initiatives have significantly reduced paper-based submissions and transformed RBI’s internal and external processes. ‘Saarathi,’ launched in January 2023, has fully digitised RBI’s internal workflow.