Digital Transformation Award 2025: Recently, RBI has been honoured with the Digital Transformation Award 2025.
o Recognition: Honours central banks and financial institutions for excellence in digital innovation and technology-driven governance.
o Presented by: Central Banking, London — a globally recognized institution focusing on monetary policies, governance, and financial transformation.
o Eligibility: Open to central banks, financial regulators, and monetary institutions that have implemented successful digital reforms.
o 2025 Winner: Reserve Bank of India (RBI) for its digital initiatives — ‘Saarathi’ and ‘Pravaah’.
o About Saarathi Initiative: Internal workflow digitization system for RBI employees.
o Aim: Enhance record management, automate processes, enable secure digital submissions, and improve data tracking & collaboration.
o Impact: Eliminated manual paperwork, streamlined task tracking, and integrated various RBI departments into a unified system.
o Aim: Digitize over 70 regulatory applications, enhance transparency, and improve cybersecurity in financial documentation.
o Impact: Linked with Saarathi, reduced paperwork, and increased efficiency in RBI’s external processing systems.
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The UPSC Civil Services Exam has three parts:
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