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Wednesday, July 23, 2025 , BSE Sensex : 82,581.82 82,581.82(0.48%) , Adani Ports : 1,423.65 1,423.65(0.09%) , Asian Paints : 2,357.15 2,357.15(-0.34%) , Axis Bank : 1,108.75 1,108.75(0.97%) , Bajaj Finance : 968.65 968.65(1.71%) , Bajaj Finserv : 2,056.60 2,056.60(0.85%) , Bharat Electron : 399.00 399.00(-0.99%) , Bharti Airtel : 1,927.35 1,927.35(1.10%) , Eternal Ltd : 300.20 300.20(0.12%) , HCL Technologies : 1,531.35 1,531.35(0.72%) , HDFC Bank : 2,019.00 2,019.00(0.61%) , Hind. Unilever : 2,452.45 2,452.45(-1.14%) , ICICI Bank : 1,480.00 1,480.00(0.44%) , Infosys : 1,585.50 1,585.50(0.98%) , ITC : 414.90 414.90(-0.29%) , Kotak Mah. Bank : 2,175.40 2,175.40(0.72%) , Larsen & Toubro : 3,466.55 3,466.55(0.04%) , M & M : 3,267.40 3,267.40(0.26%) , Maruti Suzuki : 12,644.05 12,644.05(1.18%) , NTPC : 342.90 342.90(0.60%) , Power Grid Corpn : 299.05 299.05(0.40%) , Reliance Industr : 1,421.00 1,421.00(0.58%) , St Bk of India : 816.40 816.40(0.17%) , Sun Pharma.Inds. : 1,685.20 1,685.20(0.43%) , Tata Motors : 685.80 685.80(1.86%) , Tata Steel : 162.75 162.75(-0.15%) , TCS : 3,174.15 3,174.15(0.46%) , Tech Mahindra : 1,551.50 1,551.50(0.30%) , Titan Company : 3,473.00 3,473.00(0.07%) , Trent : 5,375.50 5,375.50(0.31%) , UltraTech Cem. : 12,377.80 12,377.80(-0.61%) ,

Nifty 50 : 25,168.05 107.15(0.43%) , Adani Enterp. : 2,614.90 27.10(1.05%) , Adani Ports : 1,424.20 3.50(0.25%) , Apollo Hospitals : 7,324.00 77.50(1.07%) , Asian Paints : 2,357.00 -8.20(-0.35%) , Axis Bank : 1,107.60 9.60(0.87%) , Bajaj Auto : 8,395.00 100.00(1.21%) , Bajaj Finance : 966.85 14.30(1.50%) , Bajaj Finserv : 2,057.00 17.40(0.85%) , Bharat Electron : 398.55 -4.55(-1.13%) , Bharti Airtel : 1,926.90 20.10(1.05%) , Cipla : 1,465.20 0.80(0.05%) , Coal India : 390.95 1.85(0.48%) , Dr Reddy's Labs : 1,235.60 -4.40(-0.35%) , Eicher Motors : 5,444.00 4.50(0.08%) , Eternal Ltd : 299.95 0.15(0.05%) , Grasim Inds : 2,713.80 -8.90(-0.33%) , HCL Technologies : 1,530.90 10.80(0.71%) , HDFC Bank : 2,017.00 9.90(0.49%) , HDFC Life Insur. : 762.65 -0.65(-0.09%) , Hero Motocorp : 4,343.70 1.30(0.03%) , Hind. Unilever : 2,453.50 -26.20(-1.06%) , Hindalco Inds. : 691.65 1.60(0.23%) , ICICI Bank : 1,480.10 6.50(0.44%) , IndusInd Bank : 850.60 7.40(0.88%) , Infosys : 1,586.80 15.90(1.01%) , ITC : 414.95 -1.05(-0.25%) , Jio Financial : 313.70 2.90(0.93%) , JSW Steel : 1,029.90 -0.80(-0.08%) , Kotak Mah. Bank : 2,173.20 13.00(0.60%) , Larsen & Toubro : 3,463.00 -1.60(-0.05%) , M & M : 3,267.90 10.70(0.33%) , Maruti Suzuki : 12,650.00 158.00(1.26%) , Nestle India : 2,446.80 3.30(0.14%) , NTPC : 343.00 2.15(0.63%) , O N G C : 245.08 -1.33(-0.54%) , Power Grid Corpn : 299.30 1.50(0.50%) , Reliance Industr : 1,421.40 8.60(0.61%) , SBI Life Insuran : 1,812.40 3.40(0.19%) , Shriram Finance : 647.25 7.10(1.11%) , St Bk of India : 817.00 2.00(0.25%) , Sun Pharma.Inds. : 1,685.50 7.50(0.45%) , Tata Consumer : 1,065.60 -19.20(-1.77%) , Tata Motors : 686.00 12.60(1.87%) , Tata Steel : 163.01 -0.03(-0.02%) , TCS : 3,176.00 16.40(0.52%) , Tech Mahindra : 1,548.80 1.60(0.10%) , Titan Company : 3,472.00 -0.40(-0.01%) , Trent : 5,377.00 16.50(0.31%) , UltraTech Cem. : 12,376.00 -76.00(-0.61%) , Wipro : 260.40 0.70(0.27%) , Wednesday, July 23, 2025

Home >> Markets >> Equities >> News - News Details
Economy - Reports
12-May-2025     12:02
Finance Minister highlights critical role of banking and financial sector in ensuring economic stability during heightened geopolitical tensions

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman, recently convened a high-level meeting with the Managing Directors and CEOs of Public and Private Sector Banks and insurance companies amidst emerging security concerns arising from tensions at the border. Senior officials from the Department of Financial Services (DFS), Ministry of Finance, CERT-In, RBI, IRDAI and NPCI attended the meeting that focused on reviewing the banking sector's operational and cybersecurity preparedness, including digital applications such as internet banking and UPI.

The Managing Directors and CEOs of all the banks and insurance companies apprised the Union Finance Minister about the measures they are undertaking, given the ongoing tensions at the border. Bank MDs & CEOs informed that cybersecurity measures have been reinforced throughout the banking system. Anti-DDoS (Distributed Denial-of-Service) systems have been implemented by banks to protect against massive cyber-attacks. To guarantee institutional readiness, mock drills have been held encompassing cybersecurity and disaster recovery scenarios at the highest levels. They apprised that phishing attempts are being actively watched, and staff members have received several internal alerts to increase awareness.

Bank officials stated that their Security Operations Centre (SOC) and Network Operations Centres are fully operational and on high alert. These centres are coordinating closely with CERT-In and the National Critical Information Infrastructure Protection Centre (NCIIPC), facilitating real-time data sharing and threat monitoring.

Sitharaman stressed on the critical role of the banking and financial sector in ensuring economic stability during heightened geopolitical tensions and challenging times. The Union Finance Minister directed all banks to remain fully alert and prepared to deal with any eventuality or crisis, ensuring uninterrupted access to banking & financial services for citizens across the country, especially in border areas. Sitharaman remarked that banking services, both physical and digital, must function without disruption and glitches, and emergency protocols should be updated and tested to handle any arising contingencies.

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