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Dr. A. S. Ramasastri took over as the Director of the Institute on October 24, 2014. Since then, he has actively led the development and growth of the Institute, especially in the areas of relevance to banking like cyber security, analytics, cloud computing and payment systems. He has been instrumental in introducing the PGDBT, IBAC and IDRBT Staff Papers Series, setting up of CIO and CAO Forums, and in the Institute gaining the status of SIRO. He is instrumental in launching the IDRBT Journal of Banking Technology in 2017 and is presently its Editor-in-Chief.
Dr. Ramasastri is the Chairman of IFTAS, the company promoted by IDRBT in 2015 to provide technology services to banking and financial sectors. He is on the board of IDBI Infotech, DSCI and SETS. He is member of important committees and working groups of Reserve Bank of India, which include Cyber Security Standing Committee and Working Group on FinTechs.
Prior to joining the Institute, Dr. Ramasastri was the Chief General Manager-in-charge of Department of Information Technology at Reserve Bank of India. In the RBI, he has spearheaded many important projects including the implementation of the Next Generation RTGS, adoption of international standards like XBRL and ISO 20022, conceptualizing and guiding of banks on Automated Data, and preparation of IT Vision of RBI for 2011-17. His initiatives of XBRL and ADF have been globally recognized and has received “Award of Excellence” from XBRL International.
Dr. Ramasastri has authored two books titled ‘Quantitative Methods for Valuation of Assets’ and ‘Quantitative Methods for Banking and Finance’. The former has been published in Chinese too. He has to his credit several articles on Finance, Banking and IT in eminent journals and newspapers.
He has guided the Bank of Mauritius, Bank of Malaysia and Bank of Uganda on implementation of Data Warehouse, XBRL, etc., and delivered talks on standards and technology for data reporting at the International Monetary Fund and Bank of International Settlements.
Dr. Ramasastri holds a Ph.D. in Finance from the Indian Institute of Technology, Madras and was the top ranker in M.Sc. (Statistics) from Madras University and B.Sc. (Statistics) from Loyola College, Madras. He has also attended Advanced Management Programmes at the University of Oxford and Kellogg School of Management.