Institute for Development and Research in Banking Technology Institute for Development and Research in Banking Technology The Institute for Development & Research in Banking Technology (IDRBT) is an 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. R The main focus of the Institute is on conducting Applied Research and Experimental Development in 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
Central bank Central bank A central bank, reserve bank, or monetary authority is an institution that manages a state's currency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base in the state, and usually also prints the national currency, which usually serves as the state's legal tender. Central banks also act as a "lender of last resort" to the banking sector during times of financial crisis. Most central banks usually also have supervisory and regulatory powers