RBI forms war-room to function amid Coronavirus

RBI

The Reserve Bank of India (RBI) has set-up a war room like at a city facility armed by just around 90 critical staff as the nation’s monetary authority function to protect the financial system from disruptions due to the coronavirus pandemic.

RBI

Apart from the 90 most the Reserve Bank, 60 key personnel from its 600-people strong workforce from its external vendors and around 70 facility Staff are also a part of the war-room.

The bank is also planning to split its staff in three ways to help them function in smaller groups from separate locations adhering to the social distancing norm and ensure critical services of the RBI.

The information technology (IT) infrastructure operated by the RBI, which is pivotal  not just for the banking system to keep functioning but also for enabling uninterrupted business and retail payments, as also government tax and other payments are operated through multiple data centres, to stay live amid crisis situation.

A source revealed to an English daily that, “The contours of the resultant Business Continuity Plan (BCP) plan is an exercise which was unique to not just the Reserve Bank but for any national IT infrastructure in India.”

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