Lakshmi Vilas Bank upgrades its IT network by 100% implementation of MPLS architecture

Source:Mumbai, Maharashtra, April 23, 2010 /India PRwire/

Lakshmi Vilas Bank (LVB), the leading, fast-growing private sector
Bank has become one of the few banks in India to have
achieved 100% Multiprotocol Label Switching (MPLS) architecture.


 The migration was completed in a record time of 45 days with the active involvement of BSNL and technology partner, Wipro. With this LVB became the first Bank based out of Tamil Nadu to complete 100% MPLS migration.

Lakshmi Vilas Bank's Managing Director, Mr. K.S.R. Anjaneyelu said, "The full implementation of MPLS will substantially reduce the network operating cost as well as provide higher availability of the network for the branches. It will also lead to better performance of the application at branches due to lesser congestion of the network."

Mr. Murali Nair, Chief Technology Officer of Lakshmi Vilas Bank observed that, "With 100% MPLS architecture, the Bank will do away with about 21 Hub locations across the country and save on the maintenance and operational cost of these hubs. We will also be able to save cost by redeploying the network equipment at these centres to other centres."

LVB has been a pioneer in Technology adoption. Bank has rolled out core banking solution at all its branches within a short span of 15 months. Based on this robust platform and centralized data, the Bank has launched various customer centric products. Lakshmi Vilas Bank, in partnership with the National Association of Software and Services Ltd (Nasscom) and the Data Security Council of India is helping the office of the CB-CID in Chennai to set up a 'cyber lab' to train police officials on cyber crimes. LVB has been offering various technology products and delivery channels including NEFT, RTGS, SMS Alerts,
 SMS Pull Services, Net Banking, ATMs Mobile Payments and E-commerce.