The popularity of "Apps" has grown tremendously in the recent years, with people across nations, irrespective of their age and gender, getting hooked to the "Apps" culture, thus overtaking the use of mobile websites.
Indian banks too have been building "Apps", but the requirements of customers and banks may not be met only by the internal teams of banks. Further, "Apps" are an area where there are talented individuals, geeks and small companies, who are working with great passion, and there is a need to tap these apps for the benefit of the banking sector.
Accordingly, in order to provide a big boost to developing "Apps" and bring out the innovations happening in the area of "Apps" which could be useful for the Indian Banking and Financial Sector, the Institute started organising the Annual IDRBT Banking Application Contest in 2016. The scope of the App is limited to the banking sector. The IDRBT Banking Application Contest (IBAC) aims to serve two key purposes: