Reserve Bank of India report titled "Trend and Progress of Banking In India" is published annually, as required by the "Banking Regulation Act, 1949". The report sums up trends and developments throughout the financial sector. Starting in April 2014, the Reserve Bank of India publishes bi-monthly policy updates. Reserve Bank of India The Reserve Bank of India (RBI) is India's central banking institution, which controls the issuance and supply of the Indian rupee. Until the Monetary Policy Committee was established in 2016, it also controlled monetary policy in India. It commenced its operations on 1 April 1935 in accordance with the "Reserve Bank of
Institute for Development and Research in Banking Technology 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 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) has been handed over to IFTAS with effect from April 1, 2016. Institute for Development and Research in Banking Technology The