CURRENT AFFAIRS

Detailed explanation-1: -Chairman. Vivek Deep is an Executive Director of Reserve Bank of India. Initially, he joined Reserve Bank of India as a Manager at RBI Kanpur in 1990.

Detailed explanation-2: -Mr Sachin Y. Shende, an engineering graduate of Computer Science from NIT Nagpur and a Finance MBA from the University of Florida with CAIIB certification from Indian Institute of Banking & finance.

Detailed explanation-3: -Indian Financial Technology and Allied Services (IFTAS), a wholly owned subsidiary of Reserve Bank of India is registered under the Companies Act, 2013. IFTAS provides critical infrastructure services to RBI, banks, cooperative societies and other financial institutions.

Detailed explanation-4: -IFTAS was established in February 2015 by the Institute for Development and Research in Banking Technology (IDRBT), an autonomous organization funded by the Reserve Bank of India, in pursuance of the recommendation of the Rangarajan Committee (2009).

Detailed explanation-5: -IFTAS (Indian Financial Technology & Allied Services) is located in Mumbai, Maharashtra, India . Who are IFTAS (Indian Financial Technology & Allied Services) ‘s competitors?