RBI mulls IT subsidiary to tackle online banking crimes
The Dollar Business Bureau In a move to overcome the challenges and threats posed by cyber security, the Reserve Bank of India (RBI) is likely to create a subsidiary entity that would supervise and formulate policies for strengthening cyber security in the Indian Banking sector. A statement, in this regard, was said to have been made by Raghuram Rajan, Governor, RBI, while addressing media post the central board meeting of the monetary authority in Goa, on Thursday. The Reserve Bank of India is planning to set up an information technology wing to face the rising challenges coming from cyberspace, said the RBI Governor, according to the reports. We've to worry about increasing issues about cyber-security, we've to worry about cyber ...
