BANKING AFFAIRS

Detailed explanation-1: -IDRBT is the only Institute in the country exclusively focused on the niche area of Banking Technology. IDRBT is actively engaged in a number of Research Projects aimed at developing the standards and systems of Banking Technology in India.

Detailed explanation-2: -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-3: -The Institute for Development and Research in Banking Technology (IDRBT) was set up by Reserve Bank of India, at Hyderabad (India), in 1996. IDRBT is an autonomous centre for Development and Research in Banking Technology.

Detailed explanation-4: -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-5: -IDRBT is the Certifying Authority for the Indian Banking and Financial Sector, licensed by the Controller of Certifying Authority, Government of India, for issuing Digital Certificates.