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22-641: Masab Tank, Hyderabad, The Institute for Development & Research in Banking Technology ( IDRBT ) is an engineering training institution exclusively focused on banking technology . Established by the Reserve Bank of India (RBI) in 1996, the institution works at the intersection of banking and technology. It is located in Hyderabad , India . The main focus of the institute is to conduct applied research and experimental development in

44-475: A fixed-term deputation basis (at least five years and extensible, after which the officer returns to their parent cadre) or an absorption basis where the official leaves the parent cadre for the new one. Candidates must be a citizen of India or Nepal or a subject of Bhutan , or a person of Indian origin who has migrated from Pakistan , Bangladesh , Myanmar , Sri Lanka , Kenya , Uganda , Tanzania , Zambia , Malawi , Zaire , Ethiopia or Vietnam with

66-755: A new Section 8 company named The Indian Financial Technology and Allied Services (IFTAS). Headquartered in Mumbai, the mandate of the IFTAS is to provide IT-related services to the RBI, banks and other financial institutions. Services like Indian Financial Network (INFINET), Structured Financial Messaging System (SFMS) and the Indian Banking Community Cloud (IBCC) have been handed over to IFTAS with effect from 1 April 2016. Indian Engineering Service The Engineering Services Examination (ESE)

88-480: A recognition bestowed on the banks which have implemented and improved the use of technology at all the fronts of banking activities for enhancing customer service as well as ease of doing banking. The awards are presented keeping in view a particular aspect of technology implementation which changes year-by-year. There are various categories which focus on cyber security , financial inclusion , IT infrastructure, IT risk management , etc. These technology awards honour

110-868: Is a standardized test conducted annually by the Union Public Service Commission (UPSC) to recruit officers to various engineering Services under the Government of India . Held in four categories—Civil, Mechanical, Electrical, and Electronics & Telecommunication, the exam has three stages comprising objective, subjective and personality tests. The Services are also informally known as Indian Engineering Services (IES). Officers recruited through ESE are mandated to manage and conduct activities in diverse technical fields. Government infrastructure includes railways, roads, defence, manufacturing, inspection, supply, construction, public works, power, and telecommunications. Appointments are made by

132-442: Is used by banks to take full advantage of the secure messaging facility it provides. The inter-bank messaging part is used by applications like electronic funds transfer (EFT), real time gross settlement systems (RTGS), delivery versus payments (DVP), centralised funds management systems (CFMS) and others. The SFMS provides application program interfaces (APIs), which can be used to integrate existing and future applications with

154-469: The President of India . Source: Indian railway management services includes Irms post The work performed by these officers largely depends on their engineering branch and service (or cadre). However, they can move to any cadre , organization, agency, department, ministry or public sector undertaking of the government of India. They are appointed to posts analogous to their present one, either on

176-600: The Engineering Services Examination in 2017. Candidates who qualify at Stage I are permitted to appear for the Stage II examination, and those who qualify at Stage II are permitted to appear for the Stage III examination. Candidates qualifying at all three stages are included on the examination's final merit list. The maximum score is 1300. The personality test is an interview which assesses

198-519: The Indian Banking and Financial Sector. Every year, the institute organizes an international conference in an area of relevance to the institute. The conferences are intended to promote an exchange of the latest knowledge, experiences, research findings and technical know-how in information technology and its application in the Indian banking and financial sector. During the last seven years,

220-458: The RBI, banks and other financial institutions to exchange electronic messages between banks ensuring authenticity, integrity, non-repudiation and confidentiality. The CA services are aimed at facilitating. So far, more than 2,00,000 digital certificates have been issued by the CA. With a view to provide focused attention and enable development of techno-banking in the country, the institute has promoted

242-503: The SFMS. Several banks have integrated it with their core or centralised banking software. With a view to provide focused attention and enable development of techno-banking in the country, the institute has promoted a new Section 8 company named The Indian Financial Technology and Allied Services (IFTAS). Headquartered in Mumbai , the mandate of the IFTAS is to provide IT-related services to

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264-464: The area of banking technology. The research at the institute is directed primarily towards a specific practical objective that will serve the banking and financial sector. Accordingly, the research and development activities of the institute aim at improving banking technology in India. While addressing the immediate concerns of the banking sector, the research at the institute also focuses on anticipating

286-582: The bank and between banks. The SFMS was launched on December 14, 2001 at IDRBT . It allows the definition of message structures, message formats, and authorization of the same for usage by the financial community. SFMS has a number of features and it is a modularised and web enabled software, with a flexible architecture facilitating centralised or distributed deployment. The access control is through Smart Card based user access and messages are secured by means of standard encryption and authentication services conforming to ISO standards. The intra-bank part of SFMS

308-635: The best banks of the Indian banking and financial sector. The awards are presented by the governor of the Reserve Bank of India every year. To bank on the popularity of apps development, and bring in new and useful app innovations in the Indian banking and financial sector, the institute launched the IDRBT Banking Application Contest (IBAC) in 2016. The IDRBT Banking Application Contest (IBAC) aims to serve two key purposes – Indian banking and financial community benefits from

330-466: The candidate's suitability for a career in public service by a board of unbiased observers. The interview also assess social traits and interest in current affairs. Qualities judged include mental alertness, critical ability, clear and logical exposition, judgment, variety and depth of interests, social cohesion and leadership, and intellectual and moral integrity. Structured Financial Messaging System SFMS can be used for secure communication within

352-450: The developments taking place in technology. The institute's programs are structured to prepare the top and middle-level management of Banks and other Financial Institutions for the future in technology banking. These executive development and education programs mainly focus on identifying the gaps in the skill requirements and providing training in those areas. The IDRBT provides holistic executive education through these programs, which cover

374-511: The entire spectrum of technology applied in the banking and financial sectors. The institute offers over 100 programs that train over 2500 bankers every year. With the objective of instilling healthy competition and widening the reach of technology adoption and absorption in a faster way among all the banks, the institute constituted the IDRBT Banking Technology Excellence Awards in 2001. The awards are

396-533: The future needs and requirements of the banking sector and developing technologies to address them. These state-of-the-art research centers drive the research and development work of the institute. The research centers are also being constantly upgraded with the latest systems, devices and tools to keep pace with the ever-changing technology trends. Presently, the Institute has the following six research centers for focused research and development directly relevant to

418-583: The innovative ideas from the best tech talent in the country, and the Gen Next gets an opportunity to showcase their tech talent through this platform. IDRBT is the certifying authority (CA) for the Indian banking and financial sector, licensed by the Controller of Certifying Authorities, Government of India, under IT Act 2000. The CA issues digital certificates aimed to facilitate speedy and cost-effective digital transactions. These certificates are used by

440-407: The institute organized the following three conferences: IDRBT offers a range of academic programs, designed specifically to meet both the existing and emerging human resources of the Indian banking and financial sector. These include: Training programs form an inherent part of IDRBT's initiatives in aiding technology absorption in the Indian banking and financial sector and keeping it abreast with

462-414: The intention of permanently settling in India. The minimum educational requirement is a bachelor's degree in engineering (B.E. or B.Tech) from a recognised university or the equivalent. An M.Sc. degree or equivalent with wireless communications, electronics, radio physics or radio engineering as special subjects is also acceptable for certain services or posts. The age range is 21–30 years on 1 January of

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484-531: The year of the Engineering Services Examination. The upper age limit is relaxed as follows: Candidates are required to apply on the UPSC website. The application fee for general-category male candidates is 200. No fee is required for female and reserved-category applicants. Stage 1 of the test is conducted during the first week of January; Stage 2 is conducted in June and July across India. The government of India changed

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