Page 75 - ASR_Forewords

Foreword

On August 30, 2013, the Reserve Bank of
India issued a circular to banks to examine
the feasibility of shared IT resources,
meaning cloud computing, to optimise
the costs. The circular emphasized
the need for banks to ensure privacy,
confidentiality, security and business
continuity. It is exactly in the same
month, IDRBT brought out Cloud Security
Framework for Indian Banking Sector. SMAC has been the buzzword in the
Since then, there has been a gradual recent times, standing for Social, Mobile,
increase in the adoption of cloud Analytics and Cloud. We have included
computing in the banking sector. While two articles titled “Analytics in Cloud”
big banks have been opting for the and “Mobile Cloud Computing” by Dr.
private cloud model, smaller banks, V. Ravi and Dr. V. N. Sastry, respectively.
especially cooperative banks, have been Interestingly, these two articles together
looking at reliable options like the Indian deal with three of the four ideas
Banks Community Cloud (IBCC) set up represented by SMAC.
by IDRBT. The RBI has been encouraging One of the major concerns in the adoption
urban cooperative banks to get their CBS of cloud based solutions, especially in the
hosted on IBCC, by providing suitable case of banking sector, is the security.
financial assistance. Keeping in view the criticality of security,
It is in this context that we have chosen an article on “Cloud Computing Security”
the theme of the third volume of IDRBT by Dr. P. Syam Kumar has been included in
Staff Paper Series as Cloud Computing. the present volume on Cloud Computing.
The areas of focus for the articles have The four articles cover to a great extent
been accordingly identified and our the whole spectrum of concepts,
faculty working in the specific area have concerns, issues and implementations
contributed articles, which is the output of cloud based solutions in the banking
of their research work. sector in India. As the articles were being
We have been generally including a prepared, IDRBT announced hosting
survey article in the Staff Paper Series of the International Conference on
to present the real status at the ground Distributed Computing and Networking
level. Continuing the tradition, the first (ICDCN) 2017 (details at www.idrbt.ac.in)
of the articles titled “Cloud Computing during January 04-07, 2017. We feel that
Adoption in Indian Banks – A Survey” it is quite appropriate to release our third
by Dr. G. R Gangadharan and Shri S. Lalit volume of Staff Paper Series on the theme
Mohan, is a survey on cloud adoption of Cloud Computing during the inaugural
in the Indian Banking Sector. The survey session of the international conference.
identifies the reasons for adoption
as well as the concerns and issues in
adoption. The article provides an overall
assessment and prospects of cloud Dr. A. S. Ramasastri
adoption by Indian banks. Director, IDRBT