RBI Governor Sanjay Malhotra at the Institute for Development and Research in Banking Technology (IDRBT) in Hyderabad on Thursday. | Photo credit: Arrangement
Reserve Bank of India (RBI) Governor Sanjay Malhotra has urged the Hyderabad-based Institute for Development and Research in Banking Technology (IDRBT) to focus on developing an effective strategy to mitigate and minimize digital fraud.
Seeking to highlight how this would help maintain the confidence of the general public in the digital banking space, Mr. Malhotra, who visited IDRBT on Thursday, further said that the institute’s immediate focus could be on developing solutions in applied aspects of banking, prioritizing security and ease of use for end customers. Operational workflows should be strengthened for portability and user ownership of their information, he said.
With extensive training requirements for bankers to be ready to work in a digital work environment, the existing IDRBT has expanded its training efforts with a diversified mode of delivery such as online to meet the demand, he said.
The RBI governor listed the areas of focus while appreciating the impact the institute has created over the years for the development of IT infrastructure in the banking sector, IDRBT said in a report on its interaction.
Mr. Malhotra was previously given an overview of the Institute, particularly as a domain registrar (Bank.in). As many as 889 domains were registered by 747 unique banks. Most of the banks have already migrated, while several multinational banks and cooperative banks are in the process of migration.
The Institute has launched the Indian Bank Center for Risk and Threat Analysis (IBCART 3.0) to enable elimination of legacy threats and improve resource efficiency. The platform is enriched with AI to predict likely risks. Another area of focus for IDRBT is the Supervisory Assessment Cyber Series, where IDRBT provides scenario-based training across business, IT and cybersecurity teams in a secure, isolated environment. More than 30 scenarios have been proposed for the banking sector, the institute said.
Published – 18 Dec 2025 23:11 IST
