Assistance provided by Dr Himanshu Joshi, Smt Pallavi Chavan, Shri M K Mall and Smt Nikhila Koduri in preparation of this address is gratefully acknowledged. *  *  *  1. Mr Sambamurthy, Director IDRBT, Shri J P Dua, CMD, Allahabad Bank, Mr Bhaskar Sen, CMD, United Bank of India, and other distinguished guests, ladies and gentlemen.
I am indeed very happy to be in your midst today for the IT Conclave being organised by IDRBT and share my thoughts with you on banking technology beyond Core Banking Solution (CBS). 2. Let me begin by asking, what is the purpose of technology? All of us would agree that technology has no longer remained just a means for automating processes.