Udayavni Special

RBI running key ops from a 250-member-strong quarantine centre: Das


Team Udayavani, May 5, 2021, 1:19 PM IST

Mumbai: The Reserve Bank is running some of its key operations from a 250-member-strong quarantine centre — a souped-down version of the war-room it had set up in mid-March last year, more than a week before the national lockdown, Governor Shaktikanta Das said on Wednesday.

Making an unscheduled press announcement earlier in the day amidst the raging second wave of the pandemic, Das said the quarantine facilities of the RBI continue to operate with over 250 RBI personnel and service providers — away from their homes — to ensure continuity of various segments of financial markets and RBI operations.

He did not offer details such as whether the centre is located outside the RBI premises like the war-room it had set up last year, which was located at an unnamed city hotel.

The governor also expressed his gratitude and admiration for the “brave citizens of our nation, to our doctors, healthcare and medical staff, police and law-enforcement agencies and to other authorities who battle the second surge selflessly and tirelessly and have been at the frontline for more than a year. Their services are needed now, more than ever.”

It can be noted that as part of the business continuity plan, the RBI had set up a war-room in just one day to insulate financial system from the pandemic, at an undisclosed hotel in the megapolis in March last year and had ran that office manned by just about 150 critical staff.

The war-room was made operational from March 19 from a city hotel, and the business contingency plan (BCP) was up and running in flat 24 hours after the decision was taken to set up the war-room the previous day, an RBI official had told PTI then.

On a normal day, the RBI is served by around 14,000 employees spread across its 31 regional offices with the central office in Mumbai and the monetary authority handles billions of transactions each day.

The war-room had only 150-select RBI personnel who were supported by close to 70 hotel staff and around 600 external vendors.

The war-room ran the key data centres of the RBI such the SFMS (structured financial messaging system), RTGS, NEFT, e-Kuber (comprising services for the Central and the state governments transactions, interbank transactions, market and monetary policy instruments operations, treasury operations, currency inventory and distribution management), RBI Website, email, and other over 35 applications covering various functions.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Mangaluru: Earrings missing from patient’s body, son files complaint with Wenlock hospital authority

Sudha Murty, Mohan Bhagwat, Azim Premji to address lecture series being coordinated by RSS

BBMP to adopt Mumbai model to tackle second wave of Covid

Bantwal: Two arrested for threatening ASHA worker

Kalburagi: Boeing’s 250-oxygenated bed hospital will be built within six months, says Nirani

Mangaluru: No vaccination programme from May 9 as district exhausts its vaccine stocks

Spike in COVID-19 cases: Bigg Boss Kannada 8 suspended



Related Articles More

FinMin asks PSU banks to keep high vigil on any attempt to seize funds by Cairn

Adani Group deploys resources for Covid fight, procures 48 oxygen carrying tanks

Flipkart announces measures to support sellers amid Covid-19

India topped 2020 vehicle imports into S Africa despite COVID-19 impact: Report

RBI to conduct SLTRO of Rs 10,000 crore for small finance banks on May 17

MUST WATCH

Udayavani 8 -May -2021 News Bulletin

Youngsters help the Needy during the Lockdown in Kaup

Nagasabha member appeals for selling Fish on street

Belagavi’s Legislator Ramesh Jarakiholi appeared after many days

Inform the CM of the required quota for your district : Pratap Simha

Latest Additions

COVID-19: Moscow Olympic gold medallist and former hockey coach MK Kaushik dead

Mangaluru: Earrings missing from patient’s body, son files complaint with Wenlock hospital authority

Sudha Murty, Mohan Bhagwat, Azim Premji to address lecture series being coordinated by RSS

BBMP to adopt Mumbai model to tackle second wave of Covid

Bantwal: Two arrested for threatening ASHA worker

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.