PM Modi Commends RBI for Digital Transformation Award 2025

Prime Minister Narendra Modi commended the Reserve Bank of India for winning the Digital Transformation Award 2025, attributing the success to its innovative initiatives. He highlighted the significance of digital transformation in improving governance and empowering citizens through enhanced financial systems.

On Sunday, Prime Minister Narendra Modi praised the Reserve Bank of India (RBI) for being awarded the Digital Transformation Award 2025, considering it a significant achievement that underscores the importance of innovation and efficiency in governance. Through a post on X, he emphasized the positive impacts of such digital transformations within the financial sector.

The RBI announced its recognition for the award by Central Banking, London. The award is attributed to the RBI’s initiatives, notably the Pravaah and Sarthi systems. These systems were developed by an in-house team and have notably decreased the reliance on paper-based submissions, thereby improving the Bank’s processes both internally and externally.

In his message, Modi highlighted how these advancements not only represent a commendable achievement but also reflect a continual movement towards better governance. He stated, “Digital innovation continues to strengthen India’s financial ecosystem, thus empowering countless lives.” This development reiterates India’s commitment to digital transformation in financial governance.

In summary, the recognition of the Reserve Bank of India with the Digital Transformation Award 2025 marks a pivotal moment in India’s financial sector. Prime Minister Modi’s acknowledgment showcases the importance of digital innovation and its role in enhancing governance and empowering citizens. The initiatives developed by the RBI represent a substantial move toward a more efficient and modern financial system.

Original Source: www.business-standard.com