Cyber crimes: Parliamentary panel to hear RBI, IT ministry

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 panel has already quizzed representatives of several tech majors on the issue.

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. On the same day, it also called representatives of Google India separately on the same issue.

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.


The issue was at the centre of deliberations at a meeting of the panel held last month too as experts from the industry were quizzed by lawmakers about various facets of unlawful activities, including fraud loan applications.

Cyber crimes have become an increasing threat with savvy online operators resorting to various tricks to defraud people of their money.