The Reserve Bank of India hosts a comprehensive one-day conference in Srinagar, focusing on enhancing digital financial services and strengthening cyber security measures in Jammu and Kashmir, with key officials examining innovative solutions and policy initiatives.
The Reserve Bank of India’s Jammu office held a one-day conference in Srinagar on financial sector initiatives and cyber security awareness, bringing together government officials, bankers and regulators to examine how credit delivery and digital safety can be improved in Jammu and Kashmir. The meeting, held at Hotel Taj Dal View, was attended by Chief Secretary Atal Dulloo, RBI Deputy Governor Rohit Jain and senior representatives from the Union Territory administration, police, RBI, NABARD and NPCI. According to local reports, the gathering was designed to turn policy ideas into practical steps for the region’s banking system.
Dulloo said the administration was focusing on tourism, agriculture and allied activities, hydropower and micro, small and medium-sized enterprises, and argued that these sectors should receive more targeted credit support. He said the RBI’s Unified Lending Interface could speed up lending in the same way that the Unified Payments Interface transformed retail payments, while the Trade Receivables Discounting System could ease cash-flow pressure on small businesses. He also pointed to the digital rupee’s programmability as a possible way to deliver targeted subsidies.
Jain described the RBI as a full-service central bank with responsibilities that go beyond monetary policy and supervision, including payments, financial inclusion and market development. He said new technology can improve access to finance but also widens the field for cyber fraud, and noted that the central bank is working with government agencies to tackle those risks. He cited tools such as MuleHunter.ai, card tokenisation, the .bank.in domain, unified calling numbers and compensation rules for unauthorised electronic banking transactions as part of a wider effort to protect customers and preserve trust.
The conference also included thematic sessions on the rollout of the Unified Lending Interface in the Union Territory, the digital rupee, fraud detection systems, digital lending app supervision, UPI fraud prevention and cybercrime patterns in Jammu and Kashmir. Organisers also discussed the role of the Indian Cybercrime Coordination Centre and the state cybercrime coordination system, underscoring the push for broader public awareness alongside technical safeguards.
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