Central government authorizes axis bank to access protected systems

LegalitySimplified

The Central Government vide notification dated 11th January, 2023 declared 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 IT Act, 2002.

The following personnel are allowed to access the following protected systems, namely:—
(a) any designated employee of the Axis Bank authorized 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 authorized in writing by the Axis Bank for need-based access; and
(c) any consultant, regulator, Government official, auditor and stakeholder authorized in writing by the Axis Bank on case to case basis.

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