Cyber crimes: Parliamentary panel to hear RBI, IT ministry

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A parliamentary committee examining the issue of cyber security and rising incidents of cyber crimes has summoned officials of the Reserve Bank of India (RBI) and the Electronics and Information Technology Ministry later this month to seek their views..

The parliamentary committee on Finance headed by BJP's Jayant Sinha has called RBI and MeitY officials on July 20, the first day of the Monsoon session..

In its last meeting, the panel had summoned representatives of Punjab National Bank and tech majors Google, Apple and Paytm to hear them on cyber security and rising cases of cyber and white-collar crimes...

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Sharing the details of the meetings, Sinha said India is seen as a leader in digital innovation and digital inclusion. As a result, the volume of financial transactions across various services, including payments, loans, and issuing of credit, has skyrocketed.