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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 Kotak Mahindra 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

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Executive Summary & Key Takeaways

Key Changes

  • The notification comes into effect on the date of its publication in the Official Gazette, which is January 11, 2023.
  • The Central Government, using powers under Section 70(1) and 70(2) of the Information Technology Act, 2000, declares the following computer resources of Kotak Mahindra Bank as protected systems:
  • Core Banking Solution
  • Real Time Gross Settlement (RTGS)
  • National Electronic Fund Transfer (NEFT)
  • Immediate Payment Service Switch (IMPS)
  • Automated Teller Machine Switch (ATM)
  • Unified Payments Interface Switch (UPI)
  • Society for Worldwide Interbank Financial Telecommunication Systems (SWIFT)
  • The following personnel are authorized to access the protected systems:
  • Any designated employee of Kotak Mahindra Bank authorized in writing by the bank.
  • Any team member of a contractual managed service provider or third-party vendor authorized in writing by Kotak Mahindra Bank for need-based access.
  • Any consultant, regulator, government official, auditor, and stakeholder authorized in writing by Kotak Mahindra Bank on a case-by-case basis.

What it means

  • The gazette notification declares specific computer resources of Kotak Mahindra Bank and its associated dependencies as 'protected systems' under the Information Technology Act, 2000. These resources are related to critical banking infrastructure.
  • The notification also authorizes specific personnel to access these protected systems.

Impact Analysis

Kotak Mahindra Bank

  • Action Item: Review and update security protocols and access control mechanisms for the listed computer resources. Implement a formal authorization process for personnel accessing these systems. Ensure compliance with the IT Act, 2000.

Service Providers and Vendors

  • Action Item: Establish clear communication channels with Kotak Mahindra Bank to understand authorization requirements and security protocols. Ensure team members are aware of and comply with these requirements.

Regulators and Auditors

  • Action Item: Follow established protocols for requesting access to protected systems and ensure compliance with Kotak Mahindra Bank's security policies.

Customers of Kotak Mahindra Bank

  • No direct action required from customers.

Key Entities Referenced

Central Government: The issuer of the gazette notification, acting through the Ministry of Electronics and Information Technology. Ministry of Electronics and Information Technology: The government ministry responsible for issuing the notification. Kotak Mahindra 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. Core Banking Solution: The central system used by the bank for managing customer accounts and transactions. Real Time Gross Settlement (RTGS): A system for real-time transfer of funds between banks. National Electronic Fund Transfer (NEFT): A system for electronic transfer of funds between banks. Immediate Payment Service Switch (IMPS): A system for instant transfer of funds. Automated Teller Machine Switch (ATM): The network that connects ATMs to bank systems. Unified Payments Interface Switch (UPI): A system for instant mobile payments. Society for Worldwide Interbank Financial Telecommunication 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.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एxलxx.G-अID.E-x1x1x0 12023-241887 CG-DL-E-11012023-241887 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 177] नई ददल्ली, बधु वार, िनवरी 11, 2023/पौि 21, 1944 No. 177] NEW DELHI, WEDNESDAY, JANUARY 11, 2023/PAUSHA 21, 1944 इलक्‍टे र ॉजनकी और सूचना प्रौद्योजगकी मत्रं ालय अजधसचू ना नई ददल्ली, 11 िनवरी, 2023 का.आ. 185(अ).—केंद्रीय सरकार, सूचना प्रौद्योजगकी अजधजनयम, 2000 (2000 का 21) की धारा 70 की उप- धारा (1) और उप-धारा (2) द्वारा प्रदत्त िजियों का प्रयोग करते हुए, कोटक महिंद्रा बैंक और इसके सिंयुि आजितताओं के कंप्यूटर संसाधनों को नािुक सूचना अवसंरचना िंोने के कारण मिंत्वपूणण बैंककारी समाधान (कोर बैंककग सोल्यूिन), वास्ट्तजवक समय समग्र जनपटान (ररयल टाइम ग्रॉस सेटलमेंट), राष्ट्रीय इलैक्‍टरोजनकी जनजध अंतरण (नेिनल इलेक्‍टरॉजनक फंड रांसफर), तुरंत भुगतान सेवा जस्ट्वच (इमीजडएट पेमेंट सर्ववस जस्ट्वच), स्ट्वचाजलत टेलर मिीन जस्ट्वच (ऑटोमेरटड टेलर मिीन जस्ट्वच), एकीकृत भुगतान इंटरफेस जस्ट्वच (यूजनफाइड पेमेंट्स इंटरफेस जस्ट्वच) और सोसाइटी फॉर वल्ड ण वाइड इंटर बैंक फाइनेंजियल टेलीकम्यूजनकेिन जसस्ट्टम्स से संबंजधत कंप्यूटर संसाधनों को, उि अजधजनयम के प्रयोिन के जलए एतद्द्वारा संरजित प्रणाली घोजित करती िं ै और जनम्नजलजखत कार्वमकों को संरजित प्रणाजलयों तक पहुचं बनाने के जलए प्राजधकृत करती िं,ै अथाणत ् :- (क) संरजित प्रणाली तक पहुचं बनाने के जलए, कोटक महिंद्रा बैंक द्वारा जलजखत रूप म ें प्राजधकृत कोटक महिंद्रा बैंक का कोई अजभजिंत कमणचारी; (ख) संजवदातमक प्रबजधत सेवा-प्रदाता या तृतीय पिकार जवक्रेता के दल का कोई सदस्ट्य जिसे आवश्यकता के आधार पर पहुचं बनाने के जलए कोटक महिंद्रा बैंक द्वारा जलजखत रूप म ेंप्राजधकृत दकया गया िं;ै और 266 GI/2023 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] (ग) मामला दर मामला के आधार पर, कोटक महिंद्रा बैंक द्वारा जलजखत रूप म ें प्राजधकृत कोई परामिी, जवजनयामक, सरकारी पदाजधकारी, संपरीिक और पणधारी। [फा. सं. 2(5)/2022-सीएल] अजमत अग्रवाल, अपर सजचव MINISTRY OF ELECTRONICS AND INFORMATION TECHNOLOGY NOTIFICATION New Delhi, the 11th January, 2023 S.O. 185(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 Kotak Mahindra 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 Kotak Mahindra Bank authorised in writing by the Kotak Mahindra 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 Kotak Mahindra Bank for need-based access; and (c) any consultant, regulator, Government official, auditor and stakeholder authorised in writing by the Kotak Mahindra 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.

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