Digital payments security: RBI Deputy Governor Rao flags off Chandigarh walkathon; stresses responsible digital use

Reserve Bank of India Deputy Governor M Rajeshwar Rao on Sunday flagged off a walkathon on cyber safety consciousness at Sukhna Lake right here, stressing that banking companies, particularly digital platforms, are designed for public comfort and should be used responsibly.The walkathon, organised by the Bankers’ Club, Chandigarh, noticed enthusiastic participation from bankers throughout the area, who got here collectively to unfold consciousness on protected banking and responsible digital practices, PTI reported.According to an official assertion, Rao mentioned bodily outreach campaigns like this, alongside RBI’s on-line initiatives, are extremely efficient in selling cyber safety. He added that whereas the circulation of counterfeit forex is minimal, individuals ought to proceed to use the “look, touch, and feel” methodology to confirm notes.Highlighting the shift in banking behaviour, Rao famous that with the rising adoption of digital payments, reliance on money is declining, guaranteeing safer and safer transactions.He additionally congratulated the banking fraternity for his or her dedication to selling cyber security by means of such consciousness programmes.The occasion was attended by RBI Executive Directors, 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 of a number of different establishments.The Bankers’ Club is a discussion board of senior bankers in Chandigarh, with members from RBI, Nabard, SBI, PNB, ICICI Bank, HDFC Bank and different monetary establishments represented on the Deputy General Manager stage and above.