RBI Deputy Governor M Rajeshwar Rao Launches Walkathon to Promote Cyber Security Awareness

Banking services, including digital platforms, are crafted for public convenience and should be used responsibly, according to Reserve Bank of India Deputy Governor M Rajeshwar Rao. On Sunday, Rao highlighted this during a Cyber Security Awareness walkathon at Sukhna Lake, organised by The Bankers Club, Chandigarh. This event was part of efforts to promote safe banking practices.

The walkathon saw enthusiastic participation from bankers in the region, aiming to raise awareness about secure banking and responsible digital usage. Rao praised the banking community for their dedication to cyber safety through such outreach initiatives. The event also featured Executive Directors from RBI and senior officials from various banks.

Cyber Security Awareness Initiatives

Rao pointed out that physical initiatives like the walkathon, combined with RBI's online campaigns, are effective in spreading awareness. He stressed the importance of these efforts in educating the public about cyber security and safe banking practices. Such initiatives help in reinforcing the message of responsible use of digital platforms.

Despite minimal circulation of counterfeit currency, Rao advised the public to continue using the look, touch, and feel method to verify notes. This practice remains crucial even as digital payments grow and reliance on cash decreases. Ensuring safer transactions is a priority as more people adopt digital payment methods.

Banking Community's Commitment

The event was attended by notable figures including Vinod Kumar Arya, Chief General Manager of NABARD Haryana; Nivedita Tiwari, Chief General Manager of NABARD Punjab; Krishan Sharma, Chief General Manager of State Bank of India; Lalit Taneja, General Manager of Punjab National Bank; and zonal managers from various institutions. Their presence underscored the collective commitment to promoting cyber security awareness.

The Bankers Club serves as a forum for senior bankers in Chandigarh. It includes members from RBI, NABARD, SBI, PNB, ICICI Bank, HDFC Bank, and other banks represented by senior officers at the Deputy General Manager level and above. This collaboration highlights the unified effort across institutions to enhance public knowledge on safe banking practices.

Rao commended the banking fraternity for their proactive role in cyber safety campaigns. These efforts are crucial in ensuring that banking services remain secure and accessible to all users. The ongoing commitment to such initiatives reflects the sector's dedication to safeguarding public interests in an increasingly digital world.

With inputs from PTI