Banks

IDBI Receives BS 25999 Certification

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IDBI bank has become the first bank in India to receive the globally recognized BS 25999 Certificate for Business Continuity Management (BCM). Mr. R. M. Malla, CMD, IDBI Bank received the certificate from Mr. Sandeep Das, Director-Strategy & Business Development, Intertek (India) in a function held in Mumbai.

BCM is a standard published by British Standards Institution (BSI). The BCM Certification provides a framework allows IDBI to identify potential threats and build capability. This enables the organization to respond effectively to threats and safeguard the interests of key stakeholders, reputation, brand and value-adding activities. BCM helps develop a business continuity plan that will keep the business running during and following a disruption. It also minimizes the impact and enable the organization to resume normal service quickly, ensuring key services and products are still delivered. This will help IDBI to enhance customer satisfaction, quality of customer service delivery, improvement in organizational performance and regulatory compliance.

Intertek is an international certification agency that provides product, process and system certifications. IDBI Bank is the youngest new generation public sector universal bank that rides on a cutting edge core banking Information Technology platform. This enables the bank to offer personalized banking and financial solutions to its clients through its 998 branches and 1590 ATMs.

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