General Knowledge · General Awareness
Assess the following statements regarding the Institute for Development and Research in Banking Technology (IDRBT) and its contributions: Statement 1: IDRBT is an institution established by the Reserve Bank of India (RBI) with a mandate to drive technology absorption and development in the Indian banking system. Statement 2: IDRBT owns and manages the key communication network, INFINET, and developed the centralized messaging system, SFMS. Statement 3: IDRBT's role is strictly limited to research and development and does not include offering any technical consulting or training services to commercial banks. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only Statement 1 is correct
- 2Only Statements 1 and 2 are correct✓
- 3Only Statements 2 and 3 are correct
- 4All statements are correct
Correct answer
Only Statements 1 and 2 are correct
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