NABARD Chairman Highlights Digital and Climate Strategies at FIBAC 2025
At the FIBAC 2025 conference, NABARD Chairman Mr. Shaji K. V. detailed the bank's initiatives in cyber resilience, including a Zero-Trust Architecture and a Cyber Forensic Lab. He also highlighted NABARD's support for climate action projects and its push for rural financial inclusion.
MUMBAI. In a forward-looking address at the FIBAC Annual Banking Conference 2025, Mr. Shaji K. V., Chairman of NABARD, outlined the institution's strategic initiatives to turn challenges into opportunities amid evolving cyber and climate risks. During a panel discussion titled "Charting New Frontiers," Mr. Shaji K. V. emphasized NABARD's commitment to building a resilient and sustainable future for India's rural economy.
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NABARD's Chairman detailed the institution's proactive approach to improving cyber security in the rural financial ecosystem. He highlighted the implementation of a Zero-Trust Architecture to strengthen security and the establishment of a dedicated Cyber Forensic Lab to investigate and reduce cyber threats. He also noted NABARD's efforts to provide cyber insurance for Rural Cooperative and Regional Rural Banks, offering essential protection for these important financial institutions.
Turning to environmental sustainability, Mr. Shaji K. V. showcased NABARD's leadership in supporting over 40 climate action projects. He highlighted the bank's role in developing a Climate Risk Disclosure and Management Policy, along with a green taxonomy to guide and promote sustainable growth across the country. These initiatives are key to NABARD's strategy for addressing the impacts of climate change on agriculture and rural areas.
The Chairman also emphasized how digitization can change challenges into solutions. He pointed out NABARD's progress in rural financial inclusion, including the implementation of Core Banking Solutions and the promotion of digital value chain finance. He mentioned a significant innovation: the testing of Central Bank Digital Currency (CBDC)-enabled loans for farmers, which simplifies the credit delivery process and improves financial access.
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The FIBAC conference, a joint effort of the Federation of Indian Chambers of Commerce & Industry (FICCI) and the Indian Banks' Association (IBA), offers a premier platform for global leaders to discuss critical issues in the banking and financial sector. Mr. Shaji K. V.'s address laid out a clear plan for how NABARD is embracing new capabilities to tackle the dual challenges of cyber threats and climate change, working toward a strong and inclusive financial future for rural India.
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