Prime Minister Narendra Modi emphasizes the importance of cybersecurity for India's banking system, inaugurating new facilities at Info Valley-2 in Jatni, Bhubaneswar.
Prime Minister Narendra Modi has highlighted the necessity of safeguarding India's banking system from cyber threats, asserting that contemporary wars are being waged not only through conventional methods but also by targeting economies. During his speech at the inauguration ceremony for the Reserve Bank of India’s (RBI) Greenfield Data Centre and Cybersecurity Training Institute in Odisha's Info Valley-2, he stressed the importance of bolstering digital infrastructure and cybersecurity to ensure a secure and efficient banking system within the country. The new facilities are designed to shield India's banking system against emerging cyber threats.
The Prime Minister acknowledged that India’s banking sector has evolved into one of the most effective worldwide, providing round-the-clock access to banking services for millions of people. He cited the proliferation of nearly 60 crore Jan Dhan accounts and expanded access to credit, insurance, and pension schemes as evidence.
Modi stated that the coming decade should concentrate on improving banking efficiency, dependability, and security through modern infrastructure and skilled professionals capable of countering cybercriminals and cyberterrorists.
The Prime Minister underscored eastern India's potential to drive economic growth for a developed India, noting Odisha's capacity to excel across various sectors, from mining to microchips, and opening new avenues for the youth. He expressed confidence that the new RBI facilities would fortify the country's financial security and generate opportunities for the state’s youth.
Finance Minister Nirmala Sitharaman emphasized digital transformation and financial inclusion as key factors strengthening India’s economy. She added that the new RBI facility would support critical financial infrastructure, including the Real-Time Gross Settlement and National Electronic Funds Transfer systems. The Cybersecurity Training Institute is expected to develop specialized expertise in cybersecurity, artificial intelligence, and data centre management.
Source:
Akashvani News
