RBI Wins Digital Transformation Award

Current Context: The Reserve Bank of India (RBI) won the Digital Transformation Award 2025 on March 15, 2025.

• Awarding Body: The award was presented by Central Banking, London.
• Recognition: Acknowledged RBI's leadership in digital innovation and operational improvements.

Key Initiatives:

• Sarthi System (Launched January 2023): Digitized internal workflows, improved record-keeping, data analysis, and operational efficiency.
• Pravaah Platform (Launched May 2024): Simplified regulatory processes for external stakeholders and integrated seamlessly with the Sarthi system for transparency and secure operations.

Question:

Q.1 Which organization presented the Digital Transformation Award 2025 to RBI?
a) International Monetary Fund (IMF)
b) World Bank
c) Central Banking, London
d) Bank for International Settlements (BIS)

Answer: c) The Digital Transformation Award 2025 was presented to the RBI by Central Banking, London, a global platform that acknowledges excellence in central banking and financial policy.