The foundation for induction of Computer Technology in the Indian Banking Sector was laid by Dr. Rangarajan Committee's two reports in the years 1984 and 1989. Both the reports strongly recommended computerisation of banking operations at various levels while suggesting the appropriate architecture.
In the year 1993, the Employees' Unions of Banks signed an agreement with Bank Managements under the auspices of Indian Banks' Association [IBA]. This agreement was a major breakthrough in the introduction of computerised applications and development of communication networks in Banks.
In the following two years, substantial work was done and the top managements realised the urgent need for training, research and development activities in the area of Banking Technology. Banks and Financial Institutions started setting up Technology-based training centres and colleges. However, a need was felt for an Apex Level Institute, which would be the Brain Trust for Banking Technology and Spearhead Technology Absorption in the Indian Banking and Financial Sector.
In the year 1994, the Reserve Bank of India formed a committee on "Technology Upgradation in the Payment Systems". The committee recommended a variety of payment applications which can be implemented with appropriate technology upgradation and development of a reliable communication network.
The committee also suggested setting up of an Information Technology Institute for the purpose of Research and Development as well as Consultancy in the application of technology to the Banking and Financial sector of the country. As recommended by the Committee, the Institute for Development & Research in Banking Technology [IDRBT] was established by the Reserve Bank of India in 1996 as an Autonomous Centre for Development and Research in Banking Technology.
Courses:
1.RESEARCH FELLOW (Ph.D.) PROGRAMME
Educational Qualifications: First Class ME/ M.Tech. (IT/CS) or M.Phil. (Maths/Statistics/Electronics/CS) with sound knowledge of Computer Science or MBA (IT/Systems) with Graduation in Engineering in the areas of IT, CS, E&C, ECE or related areas.
Collaboration: The Institute has a collaborative arrangement with University of Hyderabad and IIT, Bombay, and selected candidates are required to satisfy their respective qualifying criteria
Fellowship: IDRBT provides monthly fellowship of Rs.14,000/ in the first & second year and Rs.15,000/- in the third year
Age:Around 25 years
2. M.Tech in Information Technology (with specialization in Banking Technology and Information Security).
This four-semester course, is aimed at creating a pool of responsible and resourceful IT professionals for the Financial and Banking sector. It is designed to impart in-depth knowledge and expertise to the students through innovative learning, supported by high calibre research and technology leadership
The programme derives its strength from the fact that the Banking industry is becoming increasingly dependent on Information Technology to retain its competitiveness and adapt to the ever-evolving business environment. This service industry has to rely on technology to face the challenges posed by the global village in the new economy.
Despite the large variety of the Information Security techniques and tools in existence today, they are not flexible and fast enough to be used straightaway for the next generation Information Technologies such as mobile banking, mobile personal communications, electronic commerce, and Internet Banking. Extensive research and development efforts are required for deployment of Information Security Products and services for the Banking Sector, and this programme is precisely aimed at creating professionals who can do it all.
Admissions to the M.Tech in Information Technology (with specialization in Banking Technology and Information Security) is made on an all-India basis in order of merit in the entrance examination.
The entrance examinations for admissions to the course is conducted every year by the University of Hyderabad, in the month of June at Ahmedabad, Bangalore, Bhubaneshwar, Bhopal, Chennai, Cochin, Delhi, Guwahati, Hyderabad, Madurai, Pune, Tirupati, Vijayawada and Visakhapatnam. The right to cancel any of these examination centers is reserved.
The intake for the programme is open to both Direct and Sponsored candidates. The employees working in Banks and Financial Institutions are eligible to apply under the Sponsored Category. The candidates under both the categories should fulfill the following eligibility criteria:
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Bachelors Degree in Engineering / Technology (B.E / B.Tech); OR M.Sc with B.Sc level Mathematics; OR Masters degree in Computer Applications (MCA).
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The qualifying degree should be from a recognized University/Institute and the candidate should have obtained a First Class with 60% marks.
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GATE qualification is essential for Direct Candidates.
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In case of sponsored candidates, three years relevant experience is required.
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Candidates who are appearing in the final examination of the qualifying degree may also apply. This being a full time course, the selected, sponsored candidates will have to be relieved of their organizational duties for the entire duration of the course. However, the candidates can undertake the project work in their respective banks.
Facility:
All Participants of IDRBT Programmes are provided accommodation in air-conditioned rooms at the Executive Facility Centre (EFC) of the Institute. The EFC has recreation facilities such as
- Gym,
- Billiards,
- Table Tennis,
- Badminton Court,
- Meditation Hall and
- Internet Access round the clock.
The Institute makes every effort to ensure that its participants are most comfortable and geared up. Meditation sessions are arranged in the morning hours and Billiards training in the evening. A City Tour is also arranged, where the participants get an opportunity to enjoy the best of the historic city of Hyderabad. Services of a doctor has been made available to take care of the medical needs of the participants.
The Reception at the Executive Facility Centre works round the clock and participants arriving in the city during night hours, can check in without any inconvenience. For more details about the facilities at the Institute
Placement:
The quality of our students ensures that they are lapped up by the Banks and Financial Institutions. The Institute facilitates campus Placements during the Final Semester of the Programmes. The demand for IDRBTians has always been more than the number of students passing out. The Institute facilitates Placements for all the students and they are now placed at organizations such as:
- Reserve Bank of India
- Indian Bank
- Bank of India
- Bank of Baroda
- ICICI Infotech
- Clearing Corporation of India Limited
- Infosys Technologies Limited
- Tata Consultancy Services
- Export Import Bank of India, etc.
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Courses
