An External Expert Review Committee (EERC), under the Chairmanship Dr. C. Rangarajan for assessing the exercises of the Institute and rethinking its job and proposing a guide for what's to come was comprised in 2009. The point of the EERC was to propose measures for the advancement of the IDRBT into an energetic learning based Institute. The particular terms of reference were to:
- Audit the exercises of the Institute since its start for the quality, extension and pertinence from the perspective of the destinations of its sanction and propose a guide for the future to change over the Institute into an Institute of universal standing.
- Propose proper measures to pull in the best ability for instructing/explore in banking innovation.
Proposals
- The EERC, which presented its report in July 2009, has made significant suggestions and a preview of the key proposals is as under:
- The essential objective of the Institute is examine. The center ought to be to lead applied research and trial advancement in the zone of Banking Technology. The Institute ought to turn into an examination based establishment working at the crossing point of banking and innovation concentrated on applied research.
- Concentrate on four noteworthy territories of research, viz., Financial Networks and Applications, Electronic Payments and Settlement Systems, Security Technologies for the Financial Sector, Financial Information Systems and Business Intelligence.
- Concentrate on the foundational prerequisites of the financial framework which have enormous scale suggestions on the successful upkeep and running of the framework.
- Lead community oriented research programs with rumored national/worldwide colleges in the pertinent zones.
