Even the relatively high number of 30.5 per cent during the last decade masks the sharp surge in this ratio towards the middle of the decade, which saw it rise above 35 per cent.
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.