In a significant development for the banking and technology sector, Dr. Deepak Kumar has been named as the Director of the Institute for Development and Research in Banking Technology (IDRBT).
Dr. Kumar brings a wealth of experience from his extensive career spanning over three decades in various pivotal roles within the Reserve Bank of India (RBI).
Prior to his appointment at IDRBT, Dr. Kumar served as the Executive Director at RBI, overseeing crucial departments such as Foreign Exchange, Communication, and Deposit Insurance and Credit Guarantee Corporation. His illustrious career also includes heading the Department of Information Technology at RBI, where he played a key role in shaping the central bank’s technological initiatives.
Dr. Kumar’s expertise extends across multiple domains including Information Technology, Cyber Security, Payment Systems, Banking Supervision, and Currency Management. His academic background, including a Ph.D. focusing on the impact of computerization on the banking industry, coupled with certifications in emerging technologies, further underscores his commitment to innovation and continuous learning.
Dr. Kumar expressed his gratitude and anticipation for the new role, saying, I have superannuated (April 30, 2024) after 34 years of service in the Reserve Bank. It was an excellent journey for learning and doing common good for the public.”
He further said, “The experience of working with experienced and knowledgeable leaders, committed and motivated team throughout the career was a fantastic experience for me.”
‘With blessings of God and cooperation and support of everyone, I will strive to fulfil the expectations from the new responsibility,” he added.
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As he embarks on this new chapter at IDRBT, Dr. Kumar emphasized the importance of strategic planning and collaboration to stay ahead in an ever-evolving landscape. With a vision to leverage technology for the betterment of banking and financial services, Dr. Kumar looks forward to the support and cooperation of stakeholders in fulfilling the expectations placed upon him in his new responsibility.
Dr. Deepak Kumar’s appointment heralds a new era of innovation and leadership at IDRBT, promising exciting developments in the realm of banking technology under his stewardship.
