Sanovi Technologies has introduced the Sanovi DRM for Banking, its specially designed IT DR solution for Banks. The new software complements the company’s comprehensive Sanovi DRM Suite, helping banks automate their Business Continuity and Disaster Preparedness plan and comply with the regulations and guidelines set out by the Reserve Bank of India.
This launch comes in the wake of the approaching one-year deadline set by the RBI’s Working Group on Information Security, Electronic Banking, Technology Risk Management and Cyber Frauds (also known as the Gopalakrishna Committee) for implementation of their recommendations on Business Continuity Planning (BCP) in Banks. In its role as regulator for banking operations in the country, the RBI had issued its policy guideline contained in the report of the Working Group under the Chairmanship of Shri G. Gopalakrishna, Executive Director, RBI.
The Committee’s report extensively covered BCP/DR standards that banks must strive for. RBI has made it mandatory for banks to deploy and demonstrate their business continuity and IT DR capabilities.
Lakshman Narayanaswamy, Sanovi’s co-Founder and Vice President of Products said, “By implementing Sanovi DRM for Banking, banks can be assured that their critical IT applications will recover within set recovery SLA’s and business impact due to outages is minimized.”
Ashis Guha, President Global Sales, Sanovi, said, “The introduction of Sanovi DRM for Banking, specially engineered for Indian Banks and complying with local regulations marks another significant milestone for Sanovi and further validates our leadership in the DR solution space.”
