A Joint Building of the Institute for Development and Research in Banking Technology (IDRBT) and School of Computer and Information Sciences (SCIS), University of Hyderabad was inaugurated on February 20, 2020 at the University of Hyderabad (UoH) campus. Shri B. V. R. Mohan Reddy, Executive Chairman, Cyient Ltd., and Chairman, Board of Governors, IIT, Hyderabad inaugurated it in the presence of Dr. A.S. Ramasastri, Director, IDRBT and Prof. Appa Rao Podile, Vice-Chancellor, UoH, faculty and staff of IDRBT and SCIS, and other officials. This building, with a total area of 28,000Sq. feet, cost roughly Rs. 4.08 Crores and is partly funded by IDRBT.
The IDRBT in collaboration with the SCIS, UoH, has been offering an M.Tech. program in Information Technology, with specialisation in Banking Technology and Information Security, since 2001, to create a set of IT professionals with specialised skills for the Indian Banking and Financial Sector. The Institute's Faculty handle the core Banking Technology courses and help in developing niche technologies and creating joint research opportunities in areas related to Banking Technologies. This symbiotic relationship has resulted in building a collaborative space for joint research and academics.
After the inauguration, Dr. A. S. Ramasastri spotlighted the long-term relationship between UoH and IDRBT and Prof. Chakravarthy Bhagvati, Dean, SCIS made a brief presentation about the school. The Chief Guest, Shri B.V.R. Mohan Reddy highlighted the increased role of computing in the future 'Education 4.0' which emphasises customised and individualised quality learning for large numbers of people, and requires re-imagining classrooms and labs. He stressed on the need to continue leading by example with state-of-the-art research and innovative teaching methods.