IDBI sets up a Rs 56 crore data centre in Mumbai

Industrial Development Bank of India (IDBI) has set up a 12,000 square feet data centre in Navi Mumbai, to function as a centralised back office of the bank. The centre has been established at a cost of Rs 56 crore.

Speaking at the inauguration of the data centre, IDBI chairman V P Shetty said the capacity of the centre is such that it can handle data of one more bank. Consolidation is must to increase productivity and efficiency, he said.

The centre has the capacity to integrate data and applications if IDBI Bank acquires another public sector bank or an NBFC. The bank plans to tread the inorganic route as a way to grow, said Shetty.

IDBI will also carry out a 100 per cent replication of the data centre in Chennai by December 26. This centre will function as a disaster recovery (DR) site. IDBI has decided to have a 100 per cent disaster recovery site in place whereas the normal practice is to mirror 50-80 per cent of the original data size at back-offices.

IDBI has budgeted Rs 200 crore for integrating its information technology platform with IDBI Bank. The money will also be used for scaling up IDBI's IT infrastructure to bring it on par with that of the merged IDBI Bank.

In order to integrate its treasury operations, the bank is setting up a specialised dealing room at the IDBI headquarters at Cuffe Parade in Mumbai.

The dealing room will accommodate around 70-100 dealers and will be connected to the Belapur data centre.

Those dealers currently operating from the dealing room of the erstwhile IDBI Bank headquarters at Lower Parel in central Mumbai, will shift to the new dealing room soon.