The RBI or the Reserve Bank of India has been selected for the Digital Transformation Award 2025 by Central Banking at London in the UK. The award was given for its digital initiatives named Sarthi and Pravaah. These were developed by its in-house developers team.
These two digital initiatives have reduced the use of paper-based submissions, thus transforming RBI’s internal and external processes.
Sarthi was launched in January 2023. Sarthi is helping the RBI to boost operational efficiency by automating processes. It is used to digitise RBI’s internal workflows, enabling its employees to store and share documents securely, improving record management, increasing the options for data analysis through reports and dashboards, allowing task and performance tracking, improving collaboration and integration with other systems of RBI.
Pravaah was Launched in May 2024. It is used for external users to submit regulatory applications to the RBI. Documents submitted and processed through the portal are plugged into the Sarthi database, where they can be handled digitally across RBI offices, with centralised cybersecurity systems and digital tracking. So far it has allowed more than 70 different regulatory applications to be digitised, supporting the work of nine RBI departments.
A . Read the passage and answer the questions below – 1×5=5
1 . What is the award the RBI has been selected for?
2. Which organisation offers the award ?
3. Why has the Reserve Bank of India been selected for the award ?
4. When was Project Sarthi launched?
5. When was Project Pravaah launched ?
B. Give short type answers –
1 . What is Project Sarthi ? 3
2. What is Project Pravaah ? 3
3. Do you think these projects are helpful for the operation of the RBI. 2
4. Choose a suitable title to the passage and provide reason to choose the title. 2
C. Writing Skills –
1 . Write a newspaper report based on the achievement of the Reserve Bank of
India. 10
2. Write a summary based on the above passage. 10
3. Write an Essay based on the achievement of the Reserve Bank of India and its advanced technologies. 10
