{"id":2033,"date":"2025-01-28T09:47:57","date_gmt":"2025-01-28T09:47:57","guid":{"rendered":"https:\/\/cxoxperts.com\/?p=2033"},"modified":"2025-01-28T09:47:57","modified_gmt":"2025-01-28T09:47:57","slug":"rbi-governor-urges-banks-to-bolster-cybersecurity","status":"publish","type":"post","link":"https:\/\/cxoxperts.com\/rbi-governor-urges-banks-to-bolster-cybersecurity\/","title":{"rendered":"RBI Governor Urges Banks to Bolster Cybersecurity"},"content":{"rendered":"<p>Sanjay Malhotra, the RBI Governor, has <a href=\"https:\/\/www.rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=59616\">called<\/a> on public and private sector banks to fortify their defenses against the growing threat of digital frauds. At a meeting on January 27, 2025, in Mumbai, Malhotra emphasized the need for robust IT risk management and cybersecurity measures. He also highlighted the importance of greater oversight of third-party service providers.<\/p>\n<h3><strong>Strengthening the Financial System<\/strong><\/h3>\n<p>In his remarks, Malhotra acknowledged the pivotal role banks play in ensuring the resilience of India\u2019s financial system. While highlighting global vulnerabilities that could pose risks, he urged banks to maintain financial stability, deepen financial inclusion, and improve customer service and grievance redressal mechanisms.<\/p>\n<p>He also stressed the importance of enhancing digital literacy and investing in technology to better serve customers and mitigate risks. Suggestions were invited from banks on improving the ease of doing business, underlining the need for close collaboration between the RBI and financial institutions.<\/p>\n<h3><strong>IT Risk Management and Cybersecurity<\/strong><\/h3>\n<p>The meeting addressed critical issues such as IT risk management and cybersecurity. RBI Governor Sanjay Malhotra urged banks to implement proactive systems to detect and prevent digital fraud. He highlighted the necessity of stronger oversight of third-party service providers to mitigate risks stemming from their operations.<\/p>\n<p>The meeting was attended by Deputy Governors M Rajeshwar Rao, T Rabi Sankar, and Swaminathan J, along with senior executives responsible for regulation and supervision. This interaction followed a similar meeting held on July 3, 2024.<\/p>\n<p><em>Also read: <a href=\"https:\/\/cxoxperts.com\/odisha-leads-fiscal-health-rankings-punjab-lags-behind\/\">Odisha Leads Fiscal Health Rankings; Punjab Lags Behind<\/a><\/em><\/p>\n<h3><strong>Tackling Liquidity Challenges<\/strong><\/h3>\n<p>Separately, with liquidity deficits in the banking system reaching multi-year highs, the RBI announced measures to address the issue. The central bank will conduct open market operations (OMOs) worth \u20b960,000 crore in three tranches of \u20b920,000 crore each on January 30, February 13, and February 20.<\/p>\n<p>These measures aim to ease liquidity pressures while ensuring financial stability in the banking sector. This engagement underscores the RBI\u2019s commitment to working closely with banks to address emerging challenges and safeguard the integrity of India\u2019s financial system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sanjay Malhotra, the RBI Governor, has called on public and private sector banks to fortify their defenses against the growing threat of digital frauds. At a meeting on January 27, 2025, in Mumbai, Malhotra emphasized the need for robust IT risk management and cybersecurity measures. He also highlighted the importance of greater oversight of third-party [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":2034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[129,356],"class_list":{"0":"post-2033","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bfsi","8":"tag-cybersecurity","9":"tag-rbi"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBI Governor Urges Banks to Bolster Cybersecurity - CXO XPERTS<\/title>\n<meta name=\"description\" content=\"RBI Governor Sanjay Malhotra advises banks to strengthen defenses against digital frauds and enhance IT risk management.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cxoxperts.com\/rbi-governor-urges-banks-to-bolster-cybersecurity\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI Governor Urges Banks to Bolster Cybersecurity - CXO XPERTS\" \/>\n<meta property=\"og:description\" content=\"RBI Governor Sanjay Malhotra advises banks to strengthen defenses against digital frauds and enhance IT risk management.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cxoxperts.com\/rbi-governor-urges-banks-to-bolster-cybersecurity\/\" \/>\n<meta property=\"og:site_name\" content=\"CXO XPERTS\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-28T09:47:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cxoxperts.com\/wp-content\/uploads\/2025\/01\/businessman-using-laptop-computer-with-digital-padlock-internet-technology-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1118\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"CXO XPERTS\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CXO XPERTS\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cxoxperts.com\/rbi-governor-urges-banks-to-bolster-cybersecurity\/\",\"url\":\"https:\/\/cxoxperts.com\/rbi-governor-urges-banks-to-bolster-cybersecurity\/\",\"name\":\"RBI Governor Urges Banks to Bolster Cybersecurity - CXO XPERTS\",\"isPartOf\":{\"@id\":\"https:\/\/cxoxperts.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cxoxperts.com\/rbi-governor-urges-banks-to-bolster-cybersecurity\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cxoxperts.com\/rbi-governor-urges-banks-to-bolster-cybersecurity\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cxoxperts.com\/wp-content\/uploads\/2025\/01\/businessman-using-laptop-computer-with-digital-padlock-internet-technology-scaled.jpg\",\"datePublished\":\"2025-01-28T09:47:57+00:00\",\"dateModified\":\"2025-01-28T09:47:57+00:00\",\"author\":{\"@id\":\"https:\/\/cxoxperts.com\/#\/schema\/person\/097f70145cbcaba8d71673fcc065d90d\"},\"description\":\"RBI Governor Sanjay Malhotra advises banks to strengthen defenses against digital frauds and enhance IT risk management.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cxoxperts.com\/rbi-governor-urges-banks-to-bolster-cybersecurity\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cxoxperts.com\/rbi-governor-urges-banks-to-bolster-cybersecurity\/#primaryimage\",\"url\":\"https:\/\/cxoxperts.com\/wp-content\/uploads\/2025\/01\/businessman-using-laptop-computer-with-digital-padlock-internet-technology-scaled.jpg\",\"contentUrl\":\"https:\/\/cxoxperts.com\/wp-content\/uploads\/2025\/01\/businessman-using-laptop-computer-with-digital-padlock-internet-technology-scaled.jpg\",\"width\":2560,\"height\":1118,\"caption\":\"RBI Governor Sanjay Malhotra advises banks to strengthen defenses against digital frauds and enhance IT risk management.\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cxoxperts.com\/#website\",\"url\":\"https:\/\/cxoxperts.com\/\",\"name\":\"CXO XPERTS\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cxoxperts.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cxoxperts.com\/#\/schema\/person\/097f70145cbcaba8d71673fcc065d90d\",\"name\":\"CXO XPERTS\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cxoxperts.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/89c310bc4cafdd658959bf52dfb463e3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/89c310bc4cafdd658959bf52dfb463e3?s=96&d=mm&r=g\",\"caption\":\"CXO XPERTS\"},\"url\":\"https:\/\/cxoxperts.com\/author\/disha\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"RBI Governor Urges Banks to Bolster Cybersecurity - CXO XPERTS","description":"RBI Governor Sanjay Malhotra advises banks to strengthen defenses against digital frauds and enhance IT risk management.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cxoxperts.com\/rbi-governor-urges-banks-to-bolster-cybersecurity\/","og_locale":"en_US","og_type":"article","og_title":"RBI Governor Urges Banks to Bolster Cybersecurity - CXO XPERTS","og_description":"RBI Governor Sanjay Malhotra advises banks to strengthen defenses against digital frauds and enhance IT risk management.","og_url":"https:\/\/cxoxperts.com\/rbi-governor-urges-banks-to-bolster-cybersecurity\/","og_site_name":"CXO XPERTS","article_published_time":"2025-01-28T09:47:57+00:00","og_image":[{"width":2560,"height":1118,"url":"https:\/\/cxoxperts.com\/wp-content\/uploads\/2025\/01\/businessman-using-laptop-computer-with-digital-padlock-internet-technology-scaled.jpg","type":"image\/jpeg"}],"author":"CXO XPERTS","twitter_card":"summary_large_image","twitter_misc":{"Written by":"CXO XPERTS","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cxoxperts.com\/rbi-governor-urges-banks-to-bolster-cybersecurity\/","url":"https:\/\/cxoxperts.com\/rbi-governor-urges-banks-to-bolster-cybersecurity\/","name":"RBI Governor Urges Banks to Bolster Cybersecurity - CXO XPERTS","isPartOf":{"@id":"https:\/\/cxoxperts.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cxoxperts.com\/rbi-governor-urges-banks-to-bolster-cybersecurity\/#primaryimage"},"image":{"@id":"https:\/\/cxoxperts.com\/rbi-governor-urges-banks-to-bolster-cybersecurity\/#primaryimage"},"thumbnailUrl":"https:\/\/cxoxperts.com\/wp-content\/uploads\/2025\/01\/businessman-using-laptop-computer-with-digital-padlock-internet-technology-scaled.jpg","datePublished":"2025-01-28T09:47:57+00:00","dateModified":"2025-01-28T09:47:57+00:00","author":{"@id":"https:\/\/cxoxperts.com\/#\/schema\/person\/097f70145cbcaba8d71673fcc065d90d"},"description":"RBI Governor Sanjay Malhotra advises banks to strengthen defenses against digital frauds and enhance IT risk management.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cxoxperts.com\/rbi-governor-urges-banks-to-bolster-cybersecurity\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cxoxperts.com\/rbi-governor-urges-banks-to-bolster-cybersecurity\/#primaryimage","url":"https:\/\/cxoxperts.com\/wp-content\/uploads\/2025\/01\/businessman-using-laptop-computer-with-digital-padlock-internet-technology-scaled.jpg","contentUrl":"https:\/\/cxoxperts.com\/wp-content\/uploads\/2025\/01\/businessman-using-laptop-computer-with-digital-padlock-internet-technology-scaled.jpg","width":2560,"height":1118,"caption":"RBI Governor Sanjay Malhotra advises banks to strengthen defenses against digital frauds and enhance IT risk management."},{"@type":"WebSite","@id":"https:\/\/cxoxperts.com\/#website","url":"https:\/\/cxoxperts.com\/","name":"CXO XPERTS","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cxoxperts.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cxoxperts.com\/#\/schema\/person\/097f70145cbcaba8d71673fcc065d90d","name":"CXO XPERTS","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cxoxperts.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/89c310bc4cafdd658959bf52dfb463e3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/89c310bc4cafdd658959bf52dfb463e3?s=96&d=mm&r=g","caption":"CXO XPERTS"},"url":"https:\/\/cxoxperts.com\/author\/disha\/"}]}},"_links":{"self":[{"href":"https:\/\/cxoxperts.com\/wp-json\/wp\/v2\/posts\/2033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cxoxperts.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cxoxperts.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cxoxperts.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/cxoxperts.com\/wp-json\/wp\/v2\/comments?post=2033"}],"version-history":[{"count":1,"href":"https:\/\/cxoxperts.com\/wp-json\/wp\/v2\/posts\/2033\/revisions"}],"predecessor-version":[{"id":2035,"href":"https:\/\/cxoxperts.com\/wp-json\/wp\/v2\/posts\/2033\/revisions\/2035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cxoxperts.com\/wp-json\/wp\/v2\/media\/2034"}],"wp:attachment":[{"href":"https:\/\/cxoxperts.com\/wp-json\/wp\/v2\/media?parent=2033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cxoxperts.com\/wp-json\/wp\/v2\/categories?post=2033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cxoxperts.com\/wp-json\/wp\/v2\/tags?post=2033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}