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UBI selects IBM’s data center management services

25 Feb 2014 Evaluate

Union Bank of India (UBI) has selected IBM’s data center management services to enhance productivity and improve business operations. The service will enable the bank to enhance reliability and efficiency of critical infrastructure as well as significantly improve data management across multiple locations. The data center management services from IBM will include end-to-end infrastructure management for servers, storage and database for both production and disaster recovery sites. IBM will provide data center management services to UBI as part of a 7-year engagement.

UBI was keen to upgrade and automate their entire reporting system which includes infrastructure availability for core banking applications. IBM provisioned Tivoli Netcool tool to support end-to-end network view of more than 4000 branches and enabled proactive network alerts while delivering this core banking application access to all 4000 branches.

IBM data center management solutions not only helped UBI to completely eliminate the manual reporting procedures, but also ensured seamless coordination within teams. The IBM solution provided a dashboard view, which helps the bank monitor their entire IT infrastructure and take precautionary measures to ensure continued operations.

Union Bank of India has reported 15.39% rise in its net profit at Rs 348.94 crore for third quarter ended December 31, 2013 as compared to Rs 302.40 crore for the same quarter in the previous year. Total income of the bank has increased by 18.26% at Rs 8230.17 crore for quarter under review as compared to Rs 6959.37 crore for the quarter ended December 31, 2012.

Peers
Company Name CMP
State Bank Of India 961.70
PNB 116.10
Bank Of Baroda 230.00
Canara Bank 118.60
Union Bank Of India 172.00
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