Home› India› Ministry of Electronics and Information Technology› declares the computer resources relating to the Core Banking...
Date: 11-Jan-2023 Category: Extra Ordinary State: Union Government Country: India

declares the computer resources relating to the Core Banking Solution, Real Time Gross Settlement, National Electronic Fund Transfer, Immediate Payment Service Switch, Automated Teller Machine Switch, Unified Payments Interface Switch and Society for Worldwide Interbank Financial Telecommunications Systems, being Critical Information Infrastructure of Axis Bank, and the computer resources of its associated dependencies, to be protected systems for the purpose of the said Act

Issued by Ministry of Electronics and Information Technology · Not Applicable

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

What it means

  • The Ministry of Electronics and Information Technology has declared specific computer resources of Axis Bank and its associated dependencies as 'protected systems' under the Information Technology Act, 2000.
  • This declaration is due to these resources being considered critical information infrastructure.
  • The notification also authorizes specific personnel to access these protected systems.

Key Changes

  • The gazette declares computer resources related to the following as protected systems:
  • Core Banking Solution
  • Real Time Gross Settlement
  • National Electronic Fund Transfer
  • Immediate Payment Service Switch
  • Automated Teller Machine Switch
  • Unified Payments Interface Switch
  • Society for Worldwide Interbank Financial Telecommunications Systems
  • The following personnel are authorized to access the protected systems:
  • Any designated employee of Axis Bank authorized in writing by Axis Bank.
  • Any team member of a contractual managed service provider or third-party vendor authorized in writing by Axis Bank for need-based access.
  • Any consultant, regulator, Government official, auditor, and stakeholder authorized in writing by Axis Bank on a case-by-case basis.
  • The notification came into force on January 11, 2023.

Impact Analysis

Axis Bank

  • Action Item: Conduct a security audit of the specified computer resources to ensure compliance with the requirements for protected systems.

Customers of Axis Bank

  • No direct action required from customers.

Service Providers and Vendors

  • Action Item: Review existing contracts with Axis Bank to ensure compliance with the new notification. Implement necessary security enhancements to meet Axis Bank's requirements for accessing protected systems.

Regulators and Government Officials

  • No direct action required, but awareness of the new authorization process is important.

Key Entities Referenced

Ministry of Electronics and Information Technology: The issuing authority of the notification. Axis Bank: The bank whose computer resources are declared as protected systems. Information Technology Act, 2000: The legal framework under which the notification is issued. Specifically, Section 70, sub-sections (1) and (2). Core Banking Solution: A comprehensive banking software system that manages various banking operations. Real Time Gross Settlement (RTGS): A system for transferring funds electronically in real-time. National Electronic Fund Transfer (NEFT): A system for transferring funds electronically. Immediate Payment Service Switch (IMPS): A real-time service for transferring funds instantly. Automated Teller Machine Switch (ATM): A network that connects ATMs to banks for transaction processing. Unified Payments Interface Switch (UPI): A real-time payment system for instant fund transfers between bank accounts. Society for Worldwide Interbank Financial Telecommunications Systems (SWIFT): A global network that enables financial institutions worldwide to send and receive information about financial transactions in a secure, standardized and reliable environment.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-12012023-241908 xxxGIDHxxx CG-DL-E-12012023-241908 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 179] िई दिल्ली, बुधवार, ििवरी 11, 2023/पौि 21, 1944 No. 179] NEW DELHI, WEDNESDAY, JANUARY 11, 2023/PAUSHA 21, 1944 इलक्‍टे र ॉजिकी और सचू िा प्रौद्योजगकी मत्रं ालय अजधसचू िा िई दिल्ली, 11 ििवरी, 2023 का.आ. 187(अ).—केंद्रीय सरकार, सूचिा प्रौद्योजगकी अजधजियम, 2000 (2000 का 21) की धारा 70 की उप-धारा (1) और उप-धारा (2) द्वारा प्रित्त िजियों का प्रयोग करत े हुए, एजक्‍टसस बैंक और इसके सहयुि आजितताओं के कंप्यूटर संसाधिों को िािुक सूचिा अवसंरचिा होिे के कारण महत्वपणू ण बैंककारी समाधाि (कोरबैंककंग सोल्यिू ि), वास्ट्तजवक समय समग्र जिपटाि (ररयल टाइम ग्रॉस सेटलमेंट), राष्ट्रीय इलैक्‍टरोजिकी जिजध अंतरण (ििे िल इलेक्‍टरॉजिक फंड रांसफर), तरु ंत भगु ताि सेवाजस्ट्वच (इमीजडएट पेमेंट सर्वणसजस्ट्वच), स्ट्वचाजलत टेलर मिीि जस्ट्वच (ऑटोमेरटड टेलर मिीि जस्ट्वच), एकीकृत भुगताि इंटर फेसजस्ट्वच (यूजिफाइड पेमेंट्स इंटरफेस जस्ट्वच) और सोसाइटी फॉर वल्ड ण वाइड इंटर बकैं फाइिेंजियल टेलीकम्यूजिकेिि जसस्ट्टम्स से संबंजधत कंप्यूटर संसाधिों को, उि अजधजियम के प्रयोिि के जलए एतद्द्वारा संरजित प्रणाली घोजित करती ह ै और जिम्नजलजखत कार्मणकों को संरजित प्रणाजलयों तक पहुचं बिाि े के जलए प्राजधकृत करती ह,ै अर्ाणत ् :- (क) संरजित प्रणाली तक पहुचं बिािे के जलए, एजक्‍टसस बैंक द्वारा जलजखत रूप म ें प्राजधकृत एजक्‍टसस बैंक का कोई अजभजहत कमणचारी; (ख) संजविात्मक प्रबंजधत सेवा-प्रिाता या तृतीय पिकार जवक्रेता के िल का कोई सिस्ट्य जिसे आवश्यकता के आधार पर पहुचं बिािे के जलए एजक्‍टसस बैंक द्वारा जलजखत रूप म ें प्राजधकृत दकया गया ह;ै और 268 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] (ग) मामला िर मामला के आधार पर, एजक्‍टसस बैंक द्वारा जलजखत रूप म ें प्राजधकृत कोई परामिी, जवजियामक, सरकारी पिाजधकारी, संपरीिक और पणधारी। [फा. स.ं 2(5)/2022-सीएल] अजमत अग्रवाल, अपर सजचव MINISTRY OF ELECTRONICS AND INFORMATION TECHNOLOGY NOTIFICATION New Delhi, the 11th January, 2023 S.O. 187(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 70 of the Information Technology Act, 2000 (21 of 2000), the Central Government hereby declares the computer resources relating to the Core Banking Solution, Real Time Gross Settlement, National Electronic Fund Transfer, Immediate Payment Service Switch, Automated Teller Machine Switch, Unified Payments Interface Switch and Society for Worldwide Interbank Financial Telecommunications Systems, being Critical Information Infrastructure of Axis Bank, and the computer resources of its associated dependencies, to be protected systems for the purpose of the said Act and authorises the following personnel to access the protected systems, namely:— (a) any designated employee of the Axis Bank authorised in writing by the Axis Bank to access the protected system; (b) any team member of contractual managed service provider or third-party vendor who have been authorised in writing by the Axis Bank for need-based access; and (c) any consultant, regulator, Government official, auditor and stakeholder authorised in writing by the Axis Bank on case to case basis. 2. This notification shall come into force on the date of its publication in the Official Gazette. [F. No. 2(5)/2022-CL] AMIT AGRAWAL, Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

Continue your research

Related Documents from Ministry of Electronics and Information Technology