IDBI Bank has launched a comprehensive IT system 'I-DaB' for Disaster & Business Continuity Management that involves protection of human lives and continuity of critical operations through alternate locations in the event of disasters/disruptions.
 
IDBI Bank has 'BS 25999 certified' robust Disaster and Business Continuity Management (I-DaB) processes in place. Robust processes along with this newly developed system aptly demonstrate bank's commitment towards safety of human lives, enhancing customer satisfaction by delivering uninterrupted banking services, improvement in organisational and societal resilience.
 
In order to further strengthen the processes, the bank has rolled out a web-based comprehensive system developed in-house. The system would automate various processes for I-DaB viz. risk assessment, incident reporting, real time monitoring of disruptions, BCP invocation, testing/ mock drills etc.

Shares of the bank gained Rs 0.85, or 0.98%, to trade at Rs 87.50. The total volume of shares traded was 524,608 at the BSE (1.39 p.m., Wednesday).