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FM Reviews Banking Sector Preparedness Amidst Tension at Borders
The Daily Guardian
|May 10, 2025
Union Finance Minister Nirmala Sitharaman on Friday convened a high-level meeting with the Managing Directors and CEOs of public and private sector banks and insurance companies amidst emerging security concerns arising from tensions at the western border.
Senior officials from the Department of Financial Services (Ministry of Finance), CERT-In, RBI, IRDAI, and NPCI attended the meeting, which focused on reviewing the banking sector's operational and cybersecurity preparedness, including digital public-facing applications such as internet banking and UPI, as per a statement from the Ministry of Finance.
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