Money & Banking

HDFC Bank’s cheque-clearing drill

Our Bureau Ahmedabad | Updated on May 28, 2013 Published on May 28, 2013

HDFC Bank conducted a full-fledged Business Continuity Plan (BCP) drill during which it processed a record 1,61,373 instruments worth Rs 1,130 crore in a single day in Ahmedabad.

The exercise was carried out recently under the guidance of the Reserve Bank of India (RBI) to check the readiness and manual processing capacity of its back-up centre, in case of any disruption in the electronic clearing system in the future, the bank said in a statement.

HDFC Bank’s back-up centre in Ahmedabad is the first to conduct the BCP exercise on a weekday, without placing any restriction on banks on presentation. Over 300 representatives from 88 member banks participated in the drill.

These BCP drills ensure continuity and recovery of critical business processes in emergency situations, and limit their impact on people, processes and infrastructure.

Rajul Sarkar, Senior Vice-President, Wholesale Banking Operations, said on Tuesday that HDFC Bank was the first commercial bank to successfully organise such a large scale manual cheque clearing (BCP) drill in Ahmedabad.

Published on May 28, 2013
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