Cyber Crime is the biggest threat for modern banks – RBI Deputy Governor alerts banks at MCCI meet at Kolkata

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MCCI Regulations and Financial Stability Pic 4
MCCI Regulations and Financial Stability Pic 4

Shri N.S. Viswanathan made a statement which is very important post ransomeware virus attack in the world. In a seminar on “Regulations and Financial Stability” organized by Merchants Chamber of Commerce and Industries  at Kolkata a detailed discussion on Banking sector made it a interactive session.

Cyber Security and threats from the hackers for the financial institutes was the major concern for the speakers along with other issues.

MCCI Regulations and Financial Stability
MCCI Regulations and Financial Stability

But expectation from the unions and other stakeholders was solutions for the big loan defaulters from Industrial loan segments which is ruining NPA in a big way. 

Shri. Hemant Bangur,President MCCI, Shri Pawan Kumar Bajaj MD & CEO UBI and Shri Vishal Jhajharia VP MCCI among the other dignitaries speaking at the event.