IDRBT - Institute for Development and Research in Banking Technology

The need for Computerization and Automation of services in Indian Banking and Financial Sector was first felt during the first phase of economic reforms. In the years 1984 and 1989, two reports were submitted by committee's  both headed by Dr RanjaRajan which elevates the strong need of using IT enabled banking operations/services. Various guidelines and appropriate architectures have also been formulated during the same time.

In 1994, Reserve Bank of India (RBI) formed a committee on "Technology Up-gradation in the Payment Systems". The following were the two important recommendations made by the committee;

1. Variety of Payment Applications that can be implemented with technology up-gradation and through developing a reliable communication network.
2. Setting up an Information Technology Institute for the purpose of Research & Development and Consultancy in the application of technology to the Banking and Financial sector of the country.

As per above recommendation, IDRBT was established by the RBI in March 1996 as an Autonomous R & D center for Banking Technology. 

Location: Hyderabad, India.

IDRBT Vision

To be the premier and preferred Research and Development Institution on Financial Sector Technology and its Management, working at the intersection of Banking and Technology for the Indian Banking.

It also functions as an Academic institute offering various research oriented programs; IDRBT Post Doctoral Fellowship (IPDF), Ph.D Programme in Computer Science and Information Technology, IDRBT Research Project Scheme (IRPS), M.Tech. in Information Technology (with specialization in Banking Technology and Information Security), IDRBT Project Trainee Scheme (IPTS).

IDRBT is an associate institute of University of Hyderabad(UoH), a central university and has MoU's with IIT Kanpur, ISACA, C-DAC.

To know more about their academic programs, Visit their official website by clicking here 

Recently IDRBT held an event on 2nd August to distribute BT Excellence Awards. To know more, check my earlier post by Clicking here.