Friday, May 24
Advisor Kotwal presides over 3rd Meeting of UTLSC Bolsters Banking Security

Advisor Kotwal presides over 3rd Meeting of UTLSC Bolsters Banking Security


Leh: Advisor to Ladakh, Dr Pawan Kotwal presided over the 3rd meeting of the Union Territory Level Security Committee (UTLSC), that aims to elevate security measures within the banking sector of Union Territory Ladakh.

Dr Pawan Kotwal underscored the critical importance of safeguarding treasures, bank branches, and ATMs across Ladakh. In his address, he commended the exemplary efforts of the Reserve Bank of India (RBI) in this domain and reaffirmed the resolute backing of government authorities. The Advisor highlighted the pivotal role of digital transactions as a secure avenue to deter thefts and advance a cashless economic framework.

The gathering of concerned officials marked the primary objective of the meeting – facilitating comprehensive discussions among stakeholders on security-related matters concerning currency management. Dr. Pawan Kotwal stressed the imperativeness of ensuring secure and seamless currency transportation, even to the remotest corners of Ladakh.

Kamal P. Patnaik, Regional Director of the Reserve Bank of India for the Union Territories of Jammu & Kashmir and Ladakh, articulated the collaborative imperative in eradicating counterfeit currency. He called upon all agencies to foster a closely coordinated approach to eliminate this menace.

In attendance were eminent representatives, including high-ranking officials from the Reserve Bank, Police, Airport Authority, Air India, BSNL, and local heads of commercial banks. Shri Kamal P. Patnaik, the Regional Director, Reserve Bank of India, made a significant presence, highlighting the concerted efforts essential for bolstering banking security.

Government officials and banking leaders, assembled at the meeting, vowed to embrace concerted actions aimed at ensuring the safety and security of banking transactions throughout Ladakh. The meeting concluded with a renewed determination to preserve the integrity of the region’s financial landscape through unwavering collaboration and heightened vigilance.

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