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Sitharaman Tells Public Sector Banks to Go Cool for Gen Z

NEW DELHI: Finance Minister Nirmala Sitharaman has urged India’s public sector banks to transform their image among young customers, asking them to become more appealing to Gen Z without compromising responsible banking standards. Speaking at the concluding session of PSB Confluence 2026, Sitharaman said state-run banks should focus on customers aged 16 and above with simple, personalised and accessible services. Banking for Youth was also one of the key themes discussed at the two-day gove

Business

19 Aug 2026 12:09 PM

Sitharaman Tells Public Sector Banks to Go Cool for Gen Z

Business

Finance Minister Warns of Banking Security Risks from AI Systems

Nirmala Sitharaman has raised concerns over potential cybersecurity risks to India’s banking sector from advanced artificial intelligence systems, including models developed by Anthropic. The issue was discussed during a high-level meeting with bank heads and key stakeholders. Officials noted that such AI systems are capable of identifying deep vulnerabilities in digital infrastructure, raising fears that they could be misused for cyberattacks if accessed by malicious actors. The government described the emerging threat landscape as increasingly complex, calling for heightened vigilance and stronger preparedness across financial institutions. To address these risks, banks have been advised to strengthen cybersecurity frameworks and adopt proactive measures to safeguard customer data and critical systems. The finance ministry has also recommended establishing robust mechanisms for real-time threat intelligence sharing among banks and relevant agencies. Authorities are working on a coordinated institutional response to ensure faster detection and mitigation of cyber threats. Banks have been urged to collaborate closely with cybersecurity experts and government bodies to enhance resilience against evolving risks. The development comes amid growing global scrutiny of advanced AI technologies and their cybersecurity implications, as financial systems become more digitised and interconnected.

Internet & Technology

24 Apr 2026 12:58 PM

Finance Minister Warns of Banking Security Risks from AI Systems

Internet & Technology

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#financenews

Sitharaman Tells Public Sector Banks to Go Cool for Gen Z

Sitharaman Tells Public Sector Banks to Go Cool for Gen Z

Finance Minister Warns of Banking Security Risks from AI Systems

Finance Minister Warns of Banking Security Risks from AI Systems

Vijay Attends Chennai Wedding with Jagan Reddy Amid Jana Nayagan Row

Suvendu Adhikari Leads CM Race After BJP’s Bengal Victory

Why Telangana Ministers Are Upset With AP Union Ministers

Vijay, Udhayanidhi Clash Over Cauvery and Mekedatu in Assembly

Kerala CM Race Heats Up Amid Social Media Clashes and Political Pressure

Cancer Drug Shortage In India Raises Alarm As Chemo Patients Search For Key Medicines

Telangana Seeks ISM Support for Semiconductor Projects

TAPCOS Formed To Unite South Television And OTT Producers

IPL 2026 Highlights: Rinku Singh Stuns with Sensational Catch in Lucknow Thriller

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Vijay Attends Chennai Wedding with Jagan Reddy Amid Jana Nayagan Row

Suvendu Adhikari Leads CM Race After BJP’s Bengal Victory

Why Telangana Ministers Are Upset With AP Union Ministers

Vijay, Udhayanidhi Clash Over Cauvery and Mekedatu in Assembly

Kerala CM Race Heats Up Amid Social Media Clashes and Political Pressure

Cancer Drug Shortage In India Raises Alarm As Chemo Patients Search For Key Medicines

Telangana Seeks ISM Support for Semiconductor Projects

TAPCOS Formed To Unite South Television And OTT Producers

IPL 2026 Highlights: Rinku Singh Stuns with Sensational Catch in Lucknow Thriller

PV Sindhu Wins Japan Open 2026, Beats Yamaguchi

#financenews

Sitharaman Tells Public Sector Banks to Go Cool for Gen Z

Sitharaman Tells Public Sector Banks to Go Cool for Gen Z

Finance Minister Warns of Banking Security Risks from AI Systems

Finance Minister Warns of Banking Security Risks from AI Systems

Vijay Attends Chennai Wedding with Jagan Reddy Amid Jana Nayagan Row

Suvendu Adhikari Leads CM Race After BJP’s Bengal Victory

Why Telangana Ministers Are Upset With AP Union Ministers

Vijay, Udhayanidhi Clash Over Cauvery and Mekedatu in Assembly

Kerala CM Race Heats Up Amid Social Media Clashes and Political Pressure

Cancer Drug Shortage In India Raises Alarm As Chemo Patients Search For Key Medicines

Telangana Seeks ISM Support for Semiconductor Projects

TAPCOS Formed To Unite South Television And OTT Producers

IPL 2026 Highlights: Rinku Singh Stuns with Sensational Catch in Lucknow Thriller

PV Sindhu Wins Japan Open 2026, Beats Yamaguchi

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