BANKING GENERAL KNOWLEDGE
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Derivative
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Development
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Detailed explanation-1: -The Institute for Development & Research in Banking Technology (IDRBT) is an institution exclusively focused on banking technology. Established by the Reserve Bank of India (RBI) in 1996, the institution works at the intersection of banking and technology.
Detailed explanation-2: -IDRBT-Institute for Development and Research in Banking Technology.
Detailed explanation-3: -The objective of IDRBT was to spearhead technology absorption in the banking and financial sector of the country.
Detailed explanation-4: -Development banks aid industrial firms in various ways, not just by providing medium-and long-term loans. These banks buy the firms’ bonds and debentures, underwrite their shares and debentures and guarantee loans from local and international sources.