Jammu, Jan 27: Chief Secretary Atal Dulloo on Tuesday called for robust technology-driven solutions, stronger enforcement mechanisms and seamless coordination among regulators and law enforcement agencies to effectively curb cyber frauds and online financial scams in Jammu and Kashmir.

Chairing the 36th Union Territory Level Coordination Committee (UTLCC) meeting convened by the Reserve Bank of India (RBI), Jammu, the Chief Secretary said that comprehensive technological interventions, backed by strict legal action, are essential to protect the public from cyber-enabled financial crimes.
The UTLCC, a statutory body constituted by the Ministry of Finance, aims to strengthen coordination among regulators and enforcement agencies, curb unregulated financial activities and facilitate sharing of market intelligence. The meeting was attended by the Regional Director RBI Jammu, senior officials from the Home, Law, Industries and Information Departments, IGP Crime, representatives of SEBI, ICAI, Registrar of Cooperatives and RBI’s Market Intelligence Unit.
Taking serious note of rising cases of online cheating and cyber fraud in the UT, Atal Dulloo directed authorities to invoke the strictest provisions of the Banning of Unregulated Deposit Schemes (BUDS) Act, which has now been operationalised in Jammu and Kashmir. He stressed the need to streamline cyber regulatory protocols for swift enforcement and asked agencies to ensure time-bound action against offenders.
Emphasising public awareness, the Chief Secretary directed the Department of Information and Public Relations to launch extensive awareness campaigns in coordination with RBI Jammu, highlighting the risks of unregulated investments and urging people to deal only with RBI-authorised and whitelisted entities.
He also asked regulatory bodies, including the Registrar of Companies, to proactively share details of suspicious and unregistered entities with law enforcement agencies. Capacity building and sensitisation of police and defence personnel to tackle financial frauds and cyber crimes was also stressed.
Highlighting RBI initiatives, the Chief Secretary underscored the importance of the Unified Lending Interface (ULI) to enhance transparency and safety in lending. He also called for onboarding J&K Bank on advanced RBI cyber security standards to further strengthen the digital payments ecosystem in the UT.
Earlier, Regional Director RBI Jammu & Kashmir and Ladakh, Chandrashekhar Azad, briefed the meeting on steps taken by RBI to combat cyber frauds, including exclusive ‘bank.in’ and ‘fin.in’ domains to prevent fake websites, verified customer care numbers through the Sanchar Saathi portal, and the development of the Digital Payments Intelligence Platform (DPIP) for real-time fraud intelligence sharing.
The meeting was also informed about the implementation of Mule Hunter AI in 23 banks to detect mule accounts, the RBI’s Digital Lending Apps directory to curb fake loan apps, and revised Digital Lending Directions issued in May 2025 to strengthen consumer protection, data privacy and grievance redressal.
RBI officials further highlighted intensified financial literacy drives under the “RBI Kehta Hai” campaign and awareness programmes conducted across districts to educate citizens on safe financial practices.