RBI was awarded Digital Transformation Award by Central Bank of London with 2025
Mumbai:
The Reserve Bank of India has been awarded the Digital Transformation Award 2025 by Central Banking, London. RBI has been selected for ‘flow’ and ‘charioteer’ digital initiative. This has reduced the use of paper in the central bank. Central Banking said in a press statement that both these initiatives have been important for this work.
All the internal workflows of RBI have become digital with Sarathi initiative. With this initiative to be live in January 2023, employees got the facility to store and share the documents safely. Also, record management also improved.
Submit and processed documents are then plugged into the charioteer database through the flow portal, where they can be digitally handled in the RBI office with Centralized Cyber Security System and Digital Tracking.
Successfully adopting the charioteer is due to the team’s work in establishing partially essential support structures.
Before creating the system, the IT team participated in a long collaborative process with them to understand the needs of the employees and appointed senior ‘nodal officers’ from each department to promote the upgrade.
The RBI announced on its X handle that the central bank has been selected for the Digital Transformation Award 2025.
The central bank wrote in the post, “RBI has been honored and recognized for its initiatives including the ‘flow’ and ‘charioteer’ system developed by the in-house developer team.