Quick Summary
Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs meeting to review banking sector's operational and cybersecurity preparedness, including digital applications such as internet banking and UPI Smt. Sitharaman directs all banks to remain fully alert and prepared to deal with any eventuality or crisis, ensuring uninterrupted access to banking financial services The Union Finance Minister directed banks to ensure safety of bank employees and their families working
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FAQ :
The meeting focused on reviewing the banking sector's operational and cybersecurity preparedness, including digital applications like internet banking and UPI, amidst rising border security concerns.
Banks have reinforced cybersecurity measures, implemented anti-DDoS systems, conducted mock drills for cybersecurity and disaster recovery, and are actively monitoring phishing attempts with increased staff awareness.
Banks have been directed to ensure uninterrupted access to banking and financial services, both physical and digital, for citizens across the country, with a special focus on border areas.
The Finance Minister expressed deep concern about the safety of bank employees and their families working in branches around border areas and directed banks to ensure their adequate safety.
Insurance companies were instructed to ensure timely claim settlements and uninterrupted customer service.
The Finance Minister reiterated the government's firm commitment to national security and economic stability, noting that the country's banking and financial system remains robust and resilient.
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