Systematic Literature Review: Disaster Recovery and Business Continuity Plan for Core Banking Solution (CBS) Project

Abstract

After the independence, banking industry in Bangladesh started its journey with 6 nationalized commercialized banks, 2 State owned specialized banks and 3 Foreign Banks. In the 1980's banking industry achieved significant expansion with the entrance of private banks. At present there are 56 scheduled banks in Bangladesh in which 6 State Owned Commercial Banks (SOCBs) with large number of branches which are fully or majorly owned by the Government of Bangladesh (GoB). These SOCBs is serving its millions of customers in urban and rural areas across the country with its wider branch network and modern technological facilities. From these 6 SOCBs, considering a bank which uniform modernize facility for its Transaction from anywhere of the country. To perform these facilities continuously to the customer the Bank has setup latest technology with hardware equipment and world’s remarkable software. At the same time Bank has taken different measures and setup for uninterruptable services to the customer and continues business of the bank. For this purpose Bank has established Data Center (DC), Data Recovery Center (DRC) and prepared a disaster recovery plan, business continuity plan to overcome any natural and artificial disaster.