Deputy Managing Director and Executive Director of Monetary Authority of Singapore, visit IDRBT

Ms. Teo Swee Lian, Deputy Managing Director and Mr. Ngiap Boon Lee, Executive Director of Monetary Authority of Singapore, visited the Institute on August 26, 2008. The purpose was to gain a first-hand understanding of the various technological advancements in the Indian Banking and Financial Sector.

Dr. N. Krishna Mohan, Director, IDRBT, welcomed the dignitaries and provided a brief introduction of the Institute

Dr. N. P. Dhavale, Deputy General Manager, made a presentation encapsulating the various functions of the Institute stressing on the pivotal role of the Institute in ushering in technology and taking it forward in the Indian Banking and Financial Sector. He traced the beginnings of banking technology and how it had evolved and progressed to become more robust and cheaper for the common man.

The dignitaries appreciated the work done by the Institute and noted that many of the initiatives of the Institute can serve as a model for Singapore. The dignitaries also visited the technological facilities to check out how it all happens directly.

Shri K. Chandrachoodan, Chief General Manager, INFINET & Services, proposed the vote of thanks.