GENERAL9 Sept 2026
BoB CEO calls for higher investment in cyber security as threats mount
Bank of Baroda’s managing director and CEO, Debadatta Chand, has said banks need stronger technology investment to deal with growing cyber threats. He also said customer risks call for better digital literacy. This matters because cyber threats are mounting and can affect anyone. Banks must spend on protection, but customers also need to stay alert and learn safe digital habits.
Key Statutory Highlights
- Bank of Baroda’s MD and CEO Debadatta Chand said banks need stronger technology investments to tackle cyber threats.
- He also said customer risks require greater digital literacy.
- Cyber security threats are mounting, so technology investment is becoming more important for banks.
Actionable Advice for Taxpayers / Founders:Since cyber threats are growing, review your own digital safety habits and ask your bank what security steps it recommends to protect your account.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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