<p>New Delhi: Union Finance Minister <a href="https://www.deccanherald.com/tags/nirmala-sitharaman">Nirmala Sitharaman</a> on Friday asked banks to remain fully alert and prepared to deal with any eventuality or crisis amid escalating tensions between India and Pakistan.</p><p>The minister convened a high-level meeting with the managing directors and CEOs of public and private sector banks and insurance companies. Senior officials from the Department of Financial Services, Computer Emergency Response Team (CERT-In), the Reserve Bank of India (RBI), the Insurance Regulatory Development Authority of India (IRDAI) and the National Payments Corporation of India (NPCI) also attended the meeting.</p>.No role to play beyond facilitator: World Bank President Ajay Banga on Indus Water Treaty. <p>According to a statement issued by the Ministry of Finance, the meeting focused on reviewing the banking sector's operational and cybersecurity preparedness, including digital applications such as internet banking and UPI.</p><p>The Finance Minister directed all banks to remain fully alert and prepared to deal with any eventuality or crisis, ensuring uninterrupted access to banking & financial services for citizens across the country, especially in border areas.</p><p>Sitharaman remarked that banking services, both physical and digital, must function without disruption and glitches, and emergency protocols should be updated and tested to handle any arising contingencies.</p><p>Banks have been asked to coordinate in real time with the Reserve Bank of India, CERT-In and relevant Government agencies to ensure robust and agile information exchange and response, the ministry said. </p>
<p>New Delhi: Union Finance Minister <a href="https://www.deccanherald.com/tags/nirmala-sitharaman">Nirmala Sitharaman</a> on Friday asked banks to remain fully alert and prepared to deal with any eventuality or crisis amid escalating tensions between India and Pakistan.</p><p>The minister convened a high-level meeting with the managing directors and CEOs of public and private sector banks and insurance companies. Senior officials from the Department of Financial Services, Computer Emergency Response Team (CERT-In), the Reserve Bank of India (RBI), the Insurance Regulatory Development Authority of India (IRDAI) and the National Payments Corporation of India (NPCI) also attended the meeting.</p>.No role to play beyond facilitator: World Bank President Ajay Banga on Indus Water Treaty. <p>According to a statement issued by the Ministry of Finance, the meeting focused on reviewing the banking sector's operational and cybersecurity preparedness, including digital applications such as internet banking and UPI.</p><p>The Finance Minister directed all banks to remain fully alert and prepared to deal with any eventuality or crisis, ensuring uninterrupted access to banking & financial services for citizens across the country, especially in border areas.</p><p>Sitharaman remarked that banking services, both physical and digital, must function without disruption and glitches, and emergency protocols should be updated and tested to handle any arising contingencies.</p><p>Banks have been asked to coordinate in real time with the Reserve Bank of India, CERT-In and relevant Government agencies to ensure robust and agile information exchange and response, the ministry said. </p>