HDFC Bank Wins top CSI honour for IT Excellence
At the 45th Annual IT Convention, Computer Society of India (CSI) presented the CSI 2010 awards for Excellence in IT to HDFC Bank in the BFSI category. The CSI Awards for Excellence are given to technological projects and innovation in various sectors like BFSI, Product Manufacturing, Service Sector, Non-profit organizations and Quality Assurance.
The six CSI criteria for selecting the winners of IT Excellence Awards were criticality of IT usage, improvement of customer service, innovation, return on investment, quality of management, and impact of the project (on organization/society/industry). The evaluation process included two rounds of scrutiny and elimination, followed by presentations by 10 finalists before the jury.
"Sanovi has partnered with HDFC Bank in to ensure that HDFC bank's IT has a disaster recovery plan that works and meets business needs. The goal was to ensure recovery within set time objectives and provide seamless transition of application services to 25,000 of the banks end users", says Lakshman Narayanaswamy, Co-founder and VP Products, Sanovi Technologies Limited.
HDFC bank has been an early adopter of disaster recovery (DR) management planning in India. HDFC Bank may cause systemic risks in the Reserve Bank of India's (RBI) Real Time Gross Settlement (RTGS) system if there is a business continuity failure as almost 40 % of RTGS transactions are routed through it.