RBI plans IT wing to tackle cyber threats

170

Raghuram-RajanThe Reserve Bank is planning to set up an information technology wing to deal with cyber threats.

“We have to worry about cyber security issues. Keeping cyber supervision in mind, the board suggested that we focus on an IT subsidiary to help us develop policies as well as capabilities in the areas of IT,” RBI Governor Raghuram Rajan said.

“The changes are so rapid that one of the directors said today we have banking which uses IT but tomorrow we will be an IT company that does banking,” he added.

The proposed IT entity’s precise structure has to be worked out. The issues concerning systems such as cyber security, supervision and new payment banks which are going to be IT-intensive, etc. Would be focused.

The Banking & Finance Post is an initiative of Elets Technomedia Pvt Ltd, existing since 2003.
Now, Elets' YouTube channel, a treasure of premier innovation-oriented knowledge-conferences and awards, is also active. To Subscribe Free, Click Here.

Get a chance to meet the Who's who of the BFSI industry. Join Us for Elets BFSI Gamechanger Summit, Goa and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.