Stock Report

Dynacons to set up IT infrastructure for State Bank of India for their New Branch Channel Project



Posted On : 2021-12-02 11:44:14( TIMEZONE : IST )

Dynacons Systems & Solutions Ltd has won one of the prestigious contract from the largest Public Sector Bank, State Bank of India, to provide IT Infrastructure to enable the new age architecture for their NBC project.

State Bank of India has been using Core Banking System with the Hub & Spoke architecture implemented across 25000+ branches. In this New Branch Channel (NBC) project, SBI is shifting to the new age three tier architecture: Web - Application - Database.

Dynacons would enable this new architecture by providing necessary IT Infrastructure which includes - Blade Servers (Web Servers & APP Servers), Rack Servers (DB Servers), Rack Servers (Backup), Backup Appliance with Software, Storage, SAN Switches, Load Balancer and Racks (42U) to be supplied & installed at their Data Centre at Navi Mumbai and Disaster Recovery site at Hyderabad. The Total cost of Project is Rs.27.25 Crores.

The following are the key benefits of this architecture deployment for the Bank. At transaction and operations level, there are multiple benefits under these key categories mentioned below.

  • Higher flexibility
  • Improved data integrity.
  • Increased level of security
  • Better manageability.

The availability of solution is 99.99% with 24x 7x 365 supportand the same will be maintained by Dynacons over the period of 7 years.

"This is a significant win and demonstrates the capability of the Company to deliver and implement large scale IT projects for the BFSI sector. The order is a testimony to the technology expertise and skillsets demonstrated by our team." - Mr. Dharmesh S. Anjaria, Executive Director of the Company.

Shares of Dynacons Systems & Solutions Limited was last trading in BSE at Rs. 142.50 as compared to the previous close of Rs. 137.15. The total number of shares traded during the day was 5023 in over 182 trades.

The stock hit an intraday high of Rs. 144.15 and intraday low of 137.90. The net turnover during the day was Rs. 705678.00.

Source : Equity Bulls

Keywords

DynaconsSystemsandSolutionsLimited INE417B01040 SBI ITInfrastructure NBCproject