New Delhi, May 9 -- : Finance Minister. Nirmala Sitharaman on Friday 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 of the Ministry of Finance, the CERT-In, the RBI, the IRDAI, and the NPCI attended the meeting, which focused on reviewing the banking sector's operational and cybersecurity preparedness, including digital public-facing applications such as internet banking and UPI.

The Managing Directors and CEOs of all the banks and insurance companies apprised the Finance Minister about the measures they are undertaking, given the...