News | FM Sitharaman Reviews Banking Sector's Cybersecurity Amid Rising India-Pakistan Tensions

FM Sitharaman Reviews Banking Sector's Cybersecurity Amid Rising India-Pakistan Tensions

News

10 May 2025

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New Delhi, May 10 — Finance Minister Nirmala Sitharaman held a high-level review meeting with chiefs of public and private sector banks and insurance companies to assess the financial sector’s operational and cybersecurity preparedness amid rising tensions with Pakistan.

In the meeting, Sitharaman directed banks to ensure uninterrupted banking services, especially in border areas, and emphasized the need for robust cybersecurity systems to safeguard digital infrastructure. Banks were asked to conduct regular audits, assign nodal officers for cybersecurity, and maintain close coordination with the Reserve Bank of India (RBI) and CERT-In.

The Finance Minister also reviewed preparedness related to cash availability at ATMs, functioning of internet and mobile banking platforms, and timely processing of insurance claims. Ensuring the safety of employees in sensitive regions was also highlighted as a key concern.

Banking institutions have already activated emergency protocols, set up 24x7 monitoring teams, and are in regular touch with national cybersecurity agencies to stay alert against potential threats.

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