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INSTITUTE FOR DEVELOPMENT AND RESEARCH
IN BANKING TECHNOLOGY
RBI-OECD Workshop
Delivering Financial LiteracyMarch22-23, 2010. Bangalore
Presentation by:
Mr. B. Samba MurthyDirector, IDRBT.
Website: www.idrbt.ac.inEmail: bsambamurthy@idrbt.ac.in
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Established by RBI in 1996 for
promoting use of technology in
Banking Sector.
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MISSION
Explore and Exploit technology for commongood
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FINANCIAL EXCLUSION
A FEW DIMENSIONS
Over 100 Million house holders had no
formal access to credit.
Nearly 600 million new accounts to be
opened.
Out of 6,25,000 villages there are bank
branches only in about 30,000 villages.
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REAL CHALLENGE
Provide basic financial services to over
300 million excluded people spread over600,000 villages.
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Use of I.T. is inevitable to provide access to
formal Banking services.
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BUSINESS NEEDS
Increase outreach Scale up number of users
Reduce Opportunity cost/time
Ensure Reliability
Integrity of Account and Information
Ensure Security
High Degree of Assurance
Inter-operability
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ROLE OF IDRBT IN FINANCIAL INCLUSION
Encourage Banks to develop an
appropriate ICT platform.
Facilitate development of common and
inter-operable standards for critical
components of ICT.
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IDRBT INITIATIVES
Working closely with UIDAI,NPCI. Developed Common and Inter-operable standards
for smartcards. Accepted by Indian BankingAssociation (IBA).
Common and Inter-operable standards for Micro.ATM in final stages. Working withUIDAI,NPCI,IBA,RBI.
Developed inter-operable standards for mobile
banking in association with Banks, Telco, ServiceProviders. Lab tests are in progress at IITChennai.
Working with NABARD-FITF to technicallyevaluate proposals for viability GAP funding inICT-FI initiatives of Banks.
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MENU OF SOLUTIONS
Business Correspondent Enabled.
Smart Card BasedMobile Banking (Bank Led Model)
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Customer Bank
Terminal
F. I. ServerCore Banking
Solution
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MOBILE BANKING
Over 500 million subscriber base.
Low transaction cost.
Regulatory Framework in place.
Bank Led Model to begin with
collaborative models are explored.
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BC Micro ATM Merchant PoS
Bank A Bank B
UIDAI
Settlement
Agency
Customer
( Smart Card / Mobile Phone)
NPCI
MOBILE BANKING SOLUTION BANK LED MODEL
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OFF US CHART OF UIDAI
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AGENCIES INVOLVED IN IMPLEMENTATION
IDRBT
Institute for Developmentand Research in Banking Technology
Role: Technical Standards / Frameworks
Development, Inter-operability and security.
NPCI National PaymentCorporations of INDIA.
Role: Build and operate switch for Inter-Bank transactions and settlement.
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UIDAI
Unique Identification Authorityof INDIA.
Role: Build and operate bio metric database
for the entire population. Helps inauthentication and Identity Management.
IBA Indian Banks Association.
Role: Propagate Standards / Frameworks.
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I.I.T.
Indian Institute of Technologies--Chennai and
Kanpur
Role: Help Develop frameworks and conductlab tests.
R.B.I Reserve Bank of INDIA.
Role: Regulatory Framework to ensuresafety and security.
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EMERGING SCENARIO
Branchless Banking Model
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RESERVE BANK OF INDIA
RBI PLAYS A CATALYSTIC ROLE ANDORCHESTRATES THE EVOLUTION OF
BRANCHLESS BANKING TO ACHIEVE
FINANCIAL INCLUSION
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