| Indian Financial Technology & Allied Services (IFTAS) has announced the appointments of T Rabi Sankar as the Chairman of the organization. IFTAS is a wholly-owned subsidiary of Reserve Bank of India. T Rabi Sankar, currently serving as Executive Director, Reserve Bank of India for Payment Systems, Information Technology, Risk Management and Fintech has taken over concurrent charge, ex officio, as the Chairman of IFTAS. Agency also appoints Dr N Rajendran as the Chief Executive Officer (CEO) of the organization. He is a leading expert in the field of Payments & Banking Systems and holds a PhD in computer science. With an outstanding track record in strategizing, people and technology management, cybersecurity, administration, thought leadership and project & business execution.