Dr. Pawan Kotwal, IAS, Advisor to Ladakh chaired 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. He 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.

Eminent representatives, including high-ranking officials from the Reserve Bank, Police, Airport Authority, Air India, BSNL, and local heads of commercial banks.

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.