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Dhanlaxmi Bank Limited announces upgrade of CBS and related IT infrastructure to new platform
Posted On: 2020-12-21 00:36:15 (Time Zone: Arizona, USA)
Dhanlaxmi Bank Limited is upgrading its Core Banking Solution (CBS) and related IT infrastructure on to a new platform. The migration activity is scheduled between 25/12/2020 1:00 AM to 27/12/2020 8:00 AM. During this time window, all the online services of the Bank like Debit Card transactions / ATM / POS / Internet Banking / Mobile Banking / UPI / SMS Banking services will not be available. The Bank is communicating to all its customers about the downtime through public notices issued through newspapers, SMS, Emailers, Posters at Branches, ATM, CDM Screens, Web Banner, Internet Banking Screens & Social Media to plan their transactions in advance to avoid any inconvenience.
Government of India has announced the sale (issue/re-issue) of Government Stock through auctions to be held on December 18, 2020. As per revised scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD) are being notified. These include 4.48% GS 2023 (Rs 6000 crores), GoI FRB 2033 (Rs 2000 crores), 6.22% GS 2035 (Rs 9000 crores), and 6.67% GS 2050 (Rs 5000 crores).
The underwriting auction will be conducted through multiple price-based method on December 18, 2020 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E- Kuber) System between 9.00 A. M. and 9.30 A. M. on the date of underwriting auction.
Are middleware solutions the need of the hour for Indian Banks?
SECTIONS
Last Updated: Dec 17, 2020, 11:37 AM IST
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Synopsis
Globsyn’s NOTIVA is one such middleware solution that offers a high-end solution for banks and financial institutions in the field of transaction monitoring and security.
ET Spotlight
In the recent past, the world has witnessed a steady amplification of cyber attacks on various financial sectors especially in the SWIFT (Society for Worldwide Interbank Financial Transactions – a messaging service that banks use globally for inter-bank cross border transactions) space of banks for the past 3-5 years. If we monitor the nature of these high profile heists, some factors are common in all of them; almost all of these attacks involve the pairing of some type of malware onto a bank’s internal SWIFT systems with the compromise of SWIFT user credentials. Although SWIFT provides assistance to ensure customers are able to manage cyber-attacks, it does not
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