Disaster Recovery wave in BFSI sector
Tags :
'disaster recovery', DR, BFSI, storage, protection, data
Industry :
IT Services
Functional Area : Application Software, Architecture, Infrastructure, New Technologies |
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Recovery of its due has been a hectic exercise for the Banks in the absence of a special legislation. ‘Non-performing Assets’ were growing and a need was felt to reduce the ‘Non-performing Assets’ of the Banks drastically. As the recovery through Courts was a difficult exercise for the Banks, initially, a special legislation called ‘The Recovery of Debts due to Banks and Financial Institutions Act, 1993’ was enacted creating a Special Tribunal called ‘Debt Recovery Tribunal’. Under the Act, the Banks are entitled to approach the Tribunal by filing an ‘Original Application’ which is similar to filing a suit in Civil Court proceedings. However, unlike the ‘Civil Court’ which is supposed to follow the ‘Civil Procedure Code’, a special and simple procedure has been prescribed under ‘The Recovery of Debts due to Banks and Financial Institutions Act, 1993’. At the end of adjudication, the Tribunal is supposed to grant a certificate called ‘Recovery Certificate’ infavour of the Bank...
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Random Pick... Why me? Arthur Ashe , the legendary Wimbledon player was dying of AIDS which he got due to the infected blood he had received during a heart surgery in 1983. From world over, he received letters from his fans, one of which conveyed: "Why does GOD have to select you for such a bad disease"? To this Arthur Ashe replied: "The world over - 50 million children start playing tennis, 5 million learn to play tennis, 500,000 learn professional tennis, 50,000 come to the circuit, 5000 reach the grand slam, 50 reach Wimbledon, 4 to semi final, 2 to the finals... When I was holding a cup I never asked God 'Why me?'. And today in pain I should not be asking God 'Why me?' " Happiness keeps you Sweet Trials keep you Strong Sorrow keeps you Human Failure keeps you humble and Success keeps you glowing But only Faith Attitude Keeps you going... “ Mistakes are painful when they happen. But years later, a collection of mistakes called experience leads us to the success...”
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Father I want you to marry a girl of my choice Son I will chose my own bride Father But the girl is Bill Gate’s daughter Son Well, in that case, it is Okay Next day Father approaches Bill Gates Father I have a husband for your daughter Bill Gates But my daughter is too young to marry Father But this young man is a Vice President of World bank Bill Gates Oh.. in that case, it is Okay Father finally goes to meet the President of World Bank Father I have a young man to be recommended as Vice President President But I already have more vice presidents than I need Father But this young man is Bill Gates son-in-law President Ah, in that case, it is Okay This is how business is done. Even if you have nothing, you can get anything. But your attitude and approach should be positive.
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Dear Friends, With due respects, we request you all on behalf of the community– ‘MahaDharma–the way of real life’, please do not post anything (articles/idea/debate/question etc.) here which is not related to Human Development, MahaDharma, MahaVad, MahaManan, MahaYoga, Maha Atma-Vikas education, self-development. Thank you, Yours truly, Dayamoyee
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