IDRBTInstitute for Development and Research in Banking Technology (India)
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IDRBT said that this is a soft launch and that more developments would follow.
The IDRBT recently released a white paper, Applications of Blockchain Technology to Banking and Financial Sector in India, where it proposed a roadmap for adoption of Blockchain in banking and finance sector.
Separately, IDRBT in a statement said that views expressed in the study "have been wrongly" attributed to RBI researchers in certain section of media.
It has been decided to prescribe standards and benchmarks for CBS in UCBs and provide financial assistance and technical support through the Institute for Development and Research in Banking Technology (IDRBT).
The paper will be among several presented before an esteemed group of judges, including Ponnavaikko Murugesan, Head, IEEE India Council; Deepak Garg, Director, IEEE India Council; B M Mehtre, Associate Professor, IDRBT; Vishal Salvi, CISO, HDFC Bank; Maria Bellarmine, CISO, Tech Mahindra; Sunil Varkey, CISO, Wipro; Roop Chandar, Director Global Operations, HCL.
The Committee is being headed by RBI ED Sudarshan Sen as chairman and includes representatives from other financial sector regulators like SEBI, IRDA, PFRDA; from intermediaries like NPCI; from RBI's own think tank IDRBT, two banks and has a few RBI executives.
The Institute for Development and Research in Banking Technology (IDRBT) has announced a plan to develop a digital banking framework in India.
His wide experience spanning over two decades in senior positions in RBI (, IDRBT (, Wipro ( and Reliance ( would come handy in this new and challenging assignment.
It may be noted here that in October, speaking to banking technology fraternity at the Institute of Development & Research in Banking Technology (IDRBT) in Hyderabad, RBI governor Raghuram Rajan had stressed the need for a tech subsidiary.
Sinha has also served as the chairman, governing council of the Institute for Development and Research in Banking Technology (IDRBT), a research and development institution set up by the Reserve Bank of India.