RBI Governor asks IDBRT to focus on mitigation of digital fraud and training of bankers

RBI Governor asks IDBRT to focus on mitigation of digital fraud and training of bankers

Sanjay Malhotra, Governor of the Reserve Bank of India (RBI) | Photo credit: PTI

Reserve Bank of India (RBI) Governor Sanjay Malhotra has asked the Institute for Development and Research in Banking Technology (IDBRT) to focus on developing technologies in applied aspects of banking, prioritizing security and ease of use for end customers.

“Operational workflows need to be strengthened for portability and user ownership of their information,” he said. The Hyderabad-based institute was set up by the RBI.

Malhotra, who visited the institute’s campus here on Thursday, asked the employees to work towards developing an efficient strategy to contain and minimize digital fraud to help maintain public confidence in the digital banking space.

He said there is a huge need to train bankers to make them IT-ready to operate in a digital work environment. “Training efforts need to be scaled up in a diversified mode of delivery on campus, online etc. to meet such needs,” an IDRBT statement said, quoting the RBI Governor.

He emphasized that in the evolving technology landscape and changing demands of the banking sector, the institute must develop a strategy for scalability and impact to meet sectoral needs.

Published on December 18, 2025

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