Milestones 1994 - 1998

Milestone Date
Dr. Y. V. Reddy, Deputy Governor, Reserve Bank of India, visits the Institute. December 14, 1998
Project SMARS - a pilot project to arrive at an all-India technical standard for Smart Cards in the Financial Sector is inaugurated by Dr. A. Vasudevan, Executive Director, RBI. The IIT, Bombay; RBI and IDRBT are the key managers for the project. December 03, 1998
Dr. Bimal Jalan, Governor, Reserve Bank of India, visits the Institute. October 14, 1998
A World Bank Mission consisting of Mr. Robert Keppler, Principal Payment Systems Specialist, World Bank; Mr. Scott L. Hommel, President and CEO, United Communications International; and Mr. Massion Cirasino, Financial Economist, World Bank, visit the Institute. September 15, 1998
The Dept. of Telecom, Ministry of Communications, Govt. of India, grants license for Installation and Operation of VSAT Network to the IDRBT. August 28, 1998
Allotment of 1/8 of (Transponder) Bandwidth on Transponder No. 13 on INSAT 2B for the VSAT Network. August 28, 1998
Conference of CPPD Chiefs to discuss various issues relating to the VSAT Network. August 17-19, 1998
Dr. V.P. Gulati and Shri K.R. Ganapathy, General Manager, visit Logica Plc Client (Arab Bank) at London. June 18, 1998
Dr. V.P. Gulati and Shri K.R. Ganapathy visit the Institute of Canadian Bankers. July 16, 1998
IDRBT signs the agreement on VSAT Network with M/s. HECL. February 23, 1998
Dr. V.P. Gulati takes over as the Director of the IDRBT. November 26, 1997
Shri W.S. Saraf retires and Dr. A. Vasudevan assumes charge as the acting Director of the Institute. October 31, 1997
Shri Jagdish Capoor, Deputy Governor, RBI, and Shri. S. A. Hussain, Executive Director, RBI, inaugurate various infrastructural facilities including a fully-equipped Conference Hall at the Institute. October 28, 1997
The Staffing Committee of the Governing Council of IDRBT meets to study the Staffing requirements of the Institute. January 20, 1997
IDRBT conducts its First Executive Development Programme, which is on VSAT Network. December 16-17, 1996
The Governing Council of IDRBT holds its first meeting. September 02, 1996
IDRBT organises the first conference of CPPD Chiefs to explain the VSAT Project. July 18, 1996
Dr. C. Rangarajan, Governor, RBI, meets CMDs of all Banks to explain the VSAT Project. July 08, 1996
IDRBT starts functioning from its premises at Castle Hills, Masab Tank, Hyderabad. July 01, 1996
Shri. W. S. Saraf, Executive Director, RBI, takes over as the first Director of IDRBT. June 10, 1996
The IDRBT is registered as a Society under the Andhra Pradesh (Telangana Areas Public Societies Registration Act) 1350 Fasli. March 06, 1996
The Central Board of Directors of the Reserve Bank of India approves establishment of the Institute for Development and Research in Banking Technology (IDRBT). October 19, 1995
The Committee on Technology Issues relating to Payment Systems, Cheque Clearing and Securities Settlement in the Banking Industry, headed by Shri. W. S. Saraf, Executive Director, RBI, recommends that the Reserve Bank of India, set up an Autonomous Institute on Banking Technology. December 1994