The Department of Financial Services (DFS) will convene a comprehensive review meeting of Public Sector Banks (PSBs) today, with Financial Services Secretary M. Nagaraju chairing the high-level gathering that will bring together the top brass of the country's government-owned banking institutions.
In a significant signal of the government's priorities, Secretary Nagaraju will review the preparedness of PSBs digital ecosystem with a key focus on AI and digital frauds. With cybercrime targeting bank customers rising sharply, the ministry is understood to press bank heads for concrete action plans to protect depositors in an increasingly digital banking environment.
