Indian Banks' Chief Information Officers Forum

Background

IN April 2015, the Fifth Conference of Chief Information Officers of Banks (CIOs/IT Heads) was held at IDRBT. A majority of the CIOs/IT Heads of Banks participated in this meeting, wherein the idea of forming a CIO Forum was discussed. The idea elicited an overwhelming support from all the delegates and the Institute initiated the process of forming a CIO Forum. 

Taking it forward, the Institute convened a meeting of a Core Group consisting of CIOs from banks to work out the modalities for the formation of the CIO Forum. This Core Group, in its meeting held on June 26, 2015 at IDRBT, decided to form The Indian Banks’ CIO Forum (IBCF). Dr. Raghuram G. Rajan, Governor, Reserve Bank of India & Visitor, IDRBT, inaugurated The Indian Banks’ CIO Forum on October 23, 2015.

Recent Meeting

The Twelfth Meeting of the Indian Banks’ CIO Forum was held on August 3, 2022. After the warm welcome to all the CIOs, Shri Ramesh Lakshminarayanan, CIO & Group Head IT, HDFC Bank, discussed the UPI best practices.

Subsequently, the IDRBT team shared the latest research work that is being carried out in the areas of Video KYC and 5G Use Cases Lab. Shri Pushkar Sinha, General Manager, Canara Bank, anchored the discussion on Draft IT Outsourcing Master Directions followed by an open discussion of the CIOs.

Thereafter, the CIOs discussed on the challenges in ensuring a) wider participation in the RFPs, b) price fluctuations as compared to pre-discovered prices. Possible suggestion was to ensure that there is continuous engagement in understanding the solution sets available in the market and adapt the clauses of RFP accordingly.

36 participants from over 30 banks participated. The meeting concluded with a Vote of Thanks by Shri V A Prasanth, Senior Domain Expert, IDRBT.

The CIO Forum is fast emerging as a very focused and fruitful platform to enable the best of technology in the Indian Banking and Financial Sector. The CIO Forum is coordinated by Dr. Abhishek Kumar Thakur, Faculty, IDRBT.