RBI Depts receive BS7799 Certification

Mumbai, June 19 (UNI) The Reserve Bank of India (RBI) has received BS7799 certification for two of its important work areas, namely, internal debt management and external investments and operations handled by its two departments namely,Internal Debt Management Department and Department of External Investments and Operations.

RBI press release said that currency management and banking are the other two work areas of the Reserve Bank to have received ISO 9001-2000 certification earlier this month.

BS7799 standards are internationally recognised information security management standards which define the desired methods of controlling the confidentiality, integrity and availability of information.

The certification under these standards implies establishment/existence of requisite policies for information security managment, their effective implementation and suitable mechanism for improvement in the domain, in tandem with the functional information security requirements.

Conformity to the standards for BS7799 certification was assessed by auditors from ICI Certifications Ltd,Panchkula, Haryana, India and CIS,Gmbh,Austria.Seeking BS certification was a part of the Reserve Bank's continuing initiatives to adopt and adhere to international best practices and standards.

The internal Debt Management Department manages the issuance of the debt of both Central and State Governments, while the Department of External investment and Operations manages the foreign reserves of the Reserve Bank, the release added.

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