Governor, Saudi Arabian Monetary Agency, visits IDRBT

Shri. Hamad Al-Sayari, Governor, Saudi Arabian Monetary Agency, visited the Institute on February 06, 2008.

Dr. N. Krishna Mohan, Director, and Shri K. Chandrachoodan, Chief General Manager, welcomed him. He then met the Faculty, Service Unit Heads, and Staff members of the Institute to gain an understanding of the activities and priorities of the Institute.

Dr. N.P. Dhavale, Deputy General Manager, made a presentation on the various initiatives of the Institute and its pivotal role in the context of driving technology absorption in the Indian Banking and Financial Sector.

The Hon’ble Governor then enquired if the Institute is working on areas such as Biometric Banking for the handicapped and blind and if there are solutions to make transactions on ATMs glitch-free.

He pointed out that many a time ATMs either shelled out more money or paid out less, and then it all had to be reconciled all over again. “ATMs should be more perfect and there is a need to capture clean images of ATM users to prevent financial frauds. A mechanism should also be developed to prevent misuse of stolen ATM and credit cards,” he said.

He then visited the various facilities at the Institute and complimented the Institute for its various initiatives such as NFS, INFINET, Certifying Authority, SFMS, etc