Prime Minister Narendra Modi commended the Reserve Bank of India for winning the Digital Transformation Award 2025, noting its focus on innovation and governance efficiency. The RBI’s initiatives, like Pravaah and Sarthi, have minimized paper use and transformed operational processes. Modi’s remarks highlighted the impact of digital innovation on India’s financial ecosystem.
Prime Minister Narendra Modi has praised the Reserve Bank of India (RBI) for receiving the Digital Transformation Award 2025, calling it a notable achievement. He emphasized that this recognition underscores a commitment to innovation and effective governance. Modi made these remarks in a post on X, highlighting the importance of technological advancement in the financial sector.
The RBI announced its selection for the Digital Transformation Award 2025 by Central Banking, a publication based in London, UK. This award acknowledges RBI’s significant initiatives like the Pravaah and Sarthi systems, developed by its internal team. These digital initiatives have notably decreased the reliance on paper-based submissions, leading to transformations in both internal and external processes of the RBI.
In his post, Modi remarked that this success reflects an emphasis on innovation and efficiency in governance. He further stated that digital innovation continues to strengthen India’s financial ecosystem, empowering countless lives in the process. The Prime Minister’s comments highlight the significance of such advancements in promoting a robust financial environment.
Prime Minister Modi’s acknowledgment of the RBI’s award emphasizes the importance of digital transformation in enhancing governance and financial systems. The initiatives recognized by the award not only improve operational efficiency but also contribute positively to the financial ecosystem in India, ultimately benefiting the populace. Such achievements reflect the nation’s ongoing commitment to innovation and efficiency.
Original Source: www.business-standard.com
