Union Home Minister Amit Shah launches Security Operations Centre, urges cooperation with National Forensic Science University, and calls for all cooperative banks to join the National Urban Co-operative Finance and Development Corporation.
Union Home and Cooperation Minister Amit Shah has reiterated the need for stronger cybersecurity and digital safeguards for urban cooperative banks. In his address at the ‘Sahakar Nav-Kranti’ programme in Mumbai, Mr Shah expressed concern over the increasing instances of digital transaction frauds and underscored the importance of collaboration with the National Forensic Science University (NFSU) to ensure banking safety.
To combat cyber and financial crimes, Mr Shah launched a Security Operations Centre (SOC), which will offer round-the-clock cyber surveillance and security support to urban cooperative banks. Additionally, he inaugurated the new office building of the National Urban Co-operative Finance and Development Corporation (NUCFDC) in Mumbai’s Fort area.
In a bid to strengthen the urban cooperative banking sector further, Mr Shah urged all cooperative banks to join NUCFDC, the umbrella organization for cooperative banks in India. He expressed confidence that this move would modernize and transform the sector by making its services more transparent and trustworthy.
Mr Shah also emphasized the role of urban cooperative banks in developing a parallel system of self-employment as a means to achieve prosperity. He stated that the objective of cooperative banks is not just profit generation but fulfilling people’s aspirations.
The NUCFDC and the National Forensic Sciences University signed a Memorandum of Understanding in the presence of Mr Shah. He also launched the ‘Bank In A Box’ initiative along with several related services.
Source:
Akashvani News
