– DFS Secretary said, banks should focus on increasing loans to agriculture and MSMEs.
– DFS Secretary Nagaraju held review meeting with public sector banks
New Delhi, 05 November (HS). Concerned over the increasing incidents of cyber fraud across the country, Department of Financial Services (DFS) Secretary M. Nagaraju held a review meeting with public sector banks (PSBs) here on Tuesday. DFS Secretary asked public sector banks to strengthen their digital and cyber security framework.
The Finance Ministry said in a statement that during the review meeting chaired by M Nagaraju, Secretary, Department of Financial Services, strengthening of PSBs, building on recent financial achievements and with special focus on digital payment infrastructure were also discussed. Hui. DFS Secretary M. Nagaraju told banks that they should give top priority to customer safety and operational continuity.
Secretary, DFS stressed on the need to focus on timely and quality redressal of public grievances by Public Sector Banks. Secretary Nagaraju called upon PSBs to strengthen financial inclusion by increasing the pace of lending to agriculture and micro, small and medium enterprises (MSMEs). According to the ministry, in the meeting, PSBs were stressed on strengthening their financial and operational structures, especially keeping in mind the cyber security requirements.
DFS Secretary Nagaraju during the meeting told public sector banks to focus on increasing the pace of lending to agriculture and MSMEs. Concerted efforts should be made to deepen financial inclusion. During this, he reviewed the progress of various financial inclusion schemes Pradhan Mantri Jan-Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY) and Pradhan Mantri Mudra Yojana (PMMY). of.
Along with this, he told the banks in the meeting that Stand Up India, PM Street Vendors Self-reliant Fund (PM Swanidhi), PM Vishwakarma, PM Surya Ghar Yojana, etc. and other major schemes aimed at promoting access to credit as well as economic Empowerment has to be increased. The DFS Secretary said creation of customized support will be enhanced through investment in technology or data analytics and collaboration in emerging areas.
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Hindusthan News / Prajesh Shankar
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