According to the Reserve Bank of India (RBI), the banking sector in the country is sound, adequately capitalized and well-regulated since its financial and economic conditions are much better than in many other countries in the world. Credit, market and liquidity risk studies show that Indian banks are generally resilient. It has been estimated that the total banking assets in India are expected to surpass USD 28.5 trillion by 2025.
The IT revolution that India has witnessed over the last two decades helped with the digitalization of Indian banking systems which led to the widespread adoption of online banking and mobile banking.
For a bank as large as HDFC, the reliability and speed of data transmission are significant. Both the bank and its customers require error-free connectivity around the clock to conduct their transactions.
Today, over 400 HDFC bank branches across India use R&M’s Cat 5e cables and components. In addition, HDFC’s offices in Mumbai and Pune utilize Cat. 6 connection modules, patch cords and 24-port patch panels as part of their network infrastructure.
An interruption-free network means that the bank does not have to worry about downtime and can serve its customers more reliably. HDFC will continue to use R&M’s solutions in future projects.