IDRBT also spearheaded research in the field of banking technology and has been the centre for excellence in training in this area. Over the years, the role of the institute has extended beyond research to providing various services to the banking community. Now, a committee headed by Dr C Rangarajan is looking into redefining IDRBT’s role. Recommendations from this committee are anticipated soon.
Although these are common problems for the developed world, the decline in population growth and aging of the population profile are most serious in Japan. The rate of population growth is lower in Japan than in the United States, the euro area, and the United Kingdom.