J&K Bank Pumps Rs 15 Crore Into Datacenter
Adhering to its vision of turning into a technology driven bank, the Jammu and Kashmir Bank Ltd., has within a year fulfilled its objective of becoming one.
From rolling out a CBS, to setting up a 720 GB capacity datacenter, or outsourcing a part of its IT infrastructure, the bank has ensured execution of its IT initiatives. One of the forthcoming initiatives of the bank is connecting 300 additional branches on the CBS network.
According to sources at J&K Bank, the bank has just completed the setting up of the main datacenter at Gurgaon. Plans are afoot to set up another datacenter in J&K, but that is still under deliberation.
The datacenter is connected to its head office in Srinagar by 2 Mbps SCPC VSAT connectivity, while the branches are connected to the head office through 64 Kbps lines.
The bank uses IBM i-series and Sun/Solaris servers with Veritas SAN storage technology for their datacenter that provides a maximum of 720 GB capacity. The bank has coughed up close to Rs 15 crore on this initiative, says the source.
Currently, 112 of the total 487 branches of the bank have access to the Finacle CBS from Infosys. The bank has incorporated the concept of IT outsourcing by detailing Infosys to handle the applications. As part of this, Infosys would help in migration of 300 additional branches of our bank from TBA (from Infosys) to Finacle.
Apparently, the initiative is expected to be completed by September 2005.
On the networking front, NetSol manages the network for the bank. The bank uses Sendmail mailing server that was integrated by HECL.
As of now the main hassle the bank faces is the connectivity issue (lack of availability of leased lines) in the state of J&K, due to which the networking of its branches is moving at a snail’s pace. Currently, 80% of its branches are situated in J&K itself.
Among the other major initiatives is the setting up of a disaster recovery (DR) site for which the location is yet to be finalized. According to sources by March 2005, the second phase of networking will start that will help in rolling out the CBS to 300 branches of the bank.
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