The Banking Sector is moving "Beyond Core Banking" to achieve the next big step of business strategy automation and optimisation. With a view to enable "Beyond Core Banking", the Institute has set up the Centre for Analytics. The centre is the first-of-its-kind in the country with multiple solutions and technology under one roof. The centre was inaugurated by Dr. D. Subbarao, Governor, RBI & Visitor, IDRBT, on June 18, 2010.

The objectives of the centre include:

• Providing thought leadership and mentoring in Analytics to the BFSI sector
• Conducting Applied Research in the cutting edge areas of the entire gamut of soft computing, text mining, data mining, machine learning in the paradigm of analytics and apply the outcome to solve banking problems
• Develop Proof of Concepts in big data analytics
• Disseminating knowledge through training programmes on new and frontier areas of analytics as applied to banking
• To carry out projects funded by external agencies
• To develop frameworks for banking in the analytics area.

The work being carried out by the Centre for Analytics was reviewed during September 2015 and the Centre was elevated as Centre of Excellence in Analytics on September 11, 2015.