https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Finance Minister Nirmala Sitharaman Directs Banks to Stay Vigilant Amid India-Pak Tensions; Ensures Uninterrupted Services and Cybersecurity Readiness

The Finance Minister emphasised the critical role of the financial sector in maintaining economic stability during challenging times
Indian Masterminds Stories

Amid escalating military conflict between India and Pakistan, Finance Minister Ms. Nirmala Sitharaman on Friday instructed banks and insurance companies to stay vigilant and ensure uninterrupted services to customers. She chaired a high-level meeting with CEOs of banks and insurance firms to review cybersecurity preparedness and operational continuity.

Also Read: India Responds Again: Proportionate Strike Delivered After Pakistan’s Escalation; Air Defence System in Lahore Neutralised

The finance minister emphasised the critical role of the financial sector in maintaining economic stability during challenging times. She directed banks to ensure that both physical and digital banking services operate smoothly without glitches. Banks were asked to immediately update and test emergency protocols to handle any contingencies effectively.

Ms. Sitharaman specifically called for the safety of bank employees and their families working in border areas and advised close coordination with security agencies to ensure adequate protection.

Top officials from public and private banks, insurance companies, the Department of Financial Services, RBI, CERT-In, NPCI, and IRDAI participated in the meeting. Bank CEOs assured the minister that cybersecurity frameworks had been reinforced across the system, with anti-DDoS systems in place to guard against cyberattacks.

The Finance Minister also reviewed preparedness around digital platforms such as UPI and internet banking. She stressed that ATMs must remain functional and well-stocked, and customers should face no disruption in accessing essential banking services.

Ms. Sitharaman was informed that mock drills had been conducted to assess cybersecurity and disaster recovery readiness, and that phishing attempts were being actively monitored. Banks confirmed that their Security Operations Centres (SOCs) and Network Operations Centres were on high alert and in close coordination with CERT-In and the National Critical Information Infrastructure Protection Centre (NCIIPC) for real-time threat tracking and data sharing.

She instructed that two senior officials be designated at each bank’s headquarters — one to report all cyber incidents and the other to oversee operational issues, including ATM cash supply and branch operations. These officials are required to report any incident in real-time to CERT-In and the Department of Financial Services.

The Finance Minister further advised banks to conduct regular cybersecurity audits and to firewall and monitor all digital and core banking systems around the clock.

For the insurance sector, she directed timely claim settlements and uninterrupted customer service. Ms. Sitharaman also instructed sponsor banks to extend full support to Regional Rural Banks (RRBs), ensuring they remain functional and well-assisted during this critical time.

Also Read: How Wing Commander Vyomika Singh Warned Pakistan While Leaving the Press Conference?


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
SAIL resized
SAIL Bags 'Star Performer' Award from EEPC for Export Excellence During Pandemic Years - Check Here To Know More
NFL _ National Fertilizers Limited
National Fertilizers Ltd Faces Rs. 94.84 Crore Tax Demand Over GST Refunds
Screenshot 2025-05-31 204103
PM Modi Launches Major Thermal Power Projects in Bihar and Uttar Pradesh - Check All Details
IRCON
IRCON Bags Rs. 1,068 Crore Contract for Ganga Rail Bridge in Bihar - All Details Inside
retirement
3 Senior Executives to Retire from Key PSUs in India, P V Ravitej Concludes 38-year Long Journey With BPCL - All Details Inside
Rajiv Krishna IPS
Breaking: IPS Rajeev Krishna Appointed as Acting DGP of Uttar Pradesh, Becomes 5th Consecutive Officer in Acting Role - Know More About Him
Bihar Government-resized-IM
47 IAS Officers Reshuffled in Bihar Ahead of Polls, 17 Districts Get New DMs, 5 New Commissioners - Check Circular Here
PSUs
PSUs: IRS Anurag Prasad Repatriated Early for Promotion; IAS M Muthukumar Appointed Director (Finance) at BHAVINI
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Tushar G Nikhare
Modernising Governance: A Digital Transformation in Gangtok
IMG-20250523-WA0036
Abhishek Singh's SECRET: Vipassana, Anthropology & Smart Answer Writing | Video Interview 
Madhav Agarwal UPSC
From Gwalior to the Top 20: What Drove Finance Pro Madhav Agarwal to Crack UPSC CSE 2024 with AIR 16? | Exclusive
ADVERTISEMENT
UPSC Stories
ANUBHAV SINGH UPSC IFS 2024
9 Years, 8 Attempts, 7 Failures: How Anubhav Singh Cracked UPSC IFS 2024 with AIR 3 Against All Odds | Exclusive
Anubhav Singh’s inspiring journey to UPSC IFS Rank 3 showcases relentless perseverance, strategic preparation,...
Jogender Sihag
“I Cleared UPSC, But My Grandfather isn’t Here to Hear it,” Jogender Sihag, AIR 521, UPSC CSE 2024
"Life is short; make the most of it, whether in civil service or any other field. Just have a clear vision...
WhatsApp Image 2025-05-28 at 18.56
Didn’t Clear UPSC But Found Something Greater: A Story That Will Change How You See Success
She left a top finance job for UPSC, did not clear but built a thriving wellness brand instead. Veda's...
Social Media
parveen kaswan elephant
Elephant Outsmarts Electric Fence! IFS Parveen Kaswan Shares Incredible Video!
In the now-viral 51-second clip, the intelligent giant approaches a wooden pole supporting high-voltage...
UPSC Latest IAS IPS IFS
UPSC CSE Prelims 2025 Tomorrow: ICLS Officer Altap Shaikh Shares Last-Minute Motivation for Aspirants
His five-post thread offers encouragement, practical advice, and emotional support - not just for those...
Anupam Sharma IFS
#BoycottTurkey: IFS Officer Anupam Sharma Sparks Nationalist Call to Action
IFS Sharma urged citizens to avoid Turkish agricultural imports
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
SAIL resized
SAIL Bags 'Star Performer' Award from EEPC for Export Excellence During Pandemic Years - Check Here To Know More
NFL _ National Fertilizers Limited
National Fertilizers Ltd Faces Rs. 94.84 Crore Tax Demand Over GST Refunds
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Tushar G Nikhare
IMG-20250523-WA0036
Madhav Agarwal UPSC
ADVERTISEMENT
ADVERTISEMENT