Attempts were made to hack the online system of a PSU bank recently, but they were foiled by timely action, Finance Minister Arun Jaitley said.
Jaitley said after the hacking attempts, all banks and the Reserve Bank of India have taken a number of security measures to check such designs.
“Technology firewalls are created to check hacking. If the financial system is hacked, then there is a threat to the entire banking network,” he said.
Jaitley said RBI and the banks are aware and they are taking action.
Referring to startup companies, the Finance Minister said since the launch of the startup India initiative in January 2016, a detailed action plan was being implemented which laid down the roadmap for creating an ecosystem conducive for the growth of startups in the country.
“An inter-ministerial committee has been constituted to monitor the implementation of this action plan,” he said.