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Small Urban co-operative banks face risks bigger than their size due to cyber threats: RBI Dy Governor
Urban co-operative banks may be limited in size but face risks far beyond their physical footprint, RBI Deputy Governor Swaminathan J said. He flagged cyber threats, digital fraud and dependence on external service providers as key vulnerabilities, urging stronger safeguards, continuity planning and shared infrastructure to bolster UCBs resilience.
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economictimes.indiatimes.com
Small Urban co-operative banks face risks bigger than their size due to cyber threats: RBI Dy Governor
Urban co-operative banks may be limited in size but face risks far beyond their physical footprint, RBI Deputy Governor Swaminathan J said. He flagged cyber threats, digital fraud…
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thehindubusinessline.com
UCBs may be small, but their risk environment is much larger: RBI
RBI Deputy Governor Swaminathan J. warns urban co-operative banks that cyber threats, digital fraud and third-party technology risks can transcend size.