BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
IDRBT is an institution exclusively focused on banking technology. What is the full form of IDRBT?
A
Institute for Development & Research in Branches Technology
B
Institute for Development & Research in Banking Technology
C
Institute for Department & Research in Banking Technology
D
Indian for Development & Research in Banking Technology
Explanation: 

Detailed explanation-1: -IDRBT-Institute for Development and Research in Banking Technology.

Detailed explanation-2: -The Institute for Development & Research in Banking Technology (IDRBT) is an engineering training 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. It is located in Hyderabad, India.

Detailed explanation-3: -In its initial years, IDRBT was primarily focused on developing and managing technology infrastructure for the Indian Banking and Financial Sector such as INFINET, SFMS, NFS, Certifying Authority for digital certificates, etc.

Detailed explanation-4: -Castle Hills, Road No. 1, Masab Tank, Hyderabad – 500 057.

Detailed explanation-5: -The Closed User Group (CUG) Network for the banking and financial sector is called INFINET (Indian Financial Network).

There is 1 question to complete.