The Institute for Development and Research in Banking Technology [IDRBT] has won the 2003 Computerworld Honors Laureates’ Medal for Innovativeness in Development and Management of INdian FInancial NETwork [INFINET]. Mr.Daniel S. Morrow, Executive Director, Centre for Innovative Technology, Virginia , USA , presented the award on April 18, 2003 .
 

IDRBT made history by launching the INdian FInancial NETwork (INFINET), a nation-wide communication backbone, for the Banks and Financial Institutions in India . The INFINET is a Closed User Group for the Banking and Financial Sector. Commissioned on June 19, 1999, the INFINET now  has over 1900 Very Small Aperture Terminals (VSATs) in 300  locations including major cities and important towns across the country and a Leased Line Network [LLN] connecting 21 major cities.

This award is yet another confirmation of the path-breaking technology initiatives taken by IDRBT to further the pace of technology adoption and absorption in Banks and Financial Institutions in India . The award was received by Shri. V.Visweswar, Faculty, IDRBT, on behalf of the Institute.  

 
The Computerworld Honors Program, instituted in 1990 by the Center for Innovative Technology, Herndon, Virginia, recognizes and awards organizations, whose use of Information Technology has been especially noteworthy for the originality of its conception, the breadth of its vision, significance of its benefit to the society and are leading the Global Information Technology Revolution.