In a strong message aimed at safeguarding the financial stability of the country, the Honourable Finance Minister has directed all public and private sector banks to remain fully alert and proactive amid evolving economic conditions and emerging risks.
During a recent high-level meeting with senior officials and bank representatives, the Finance Minister emphasized the need for:
- Vigilance against financial fraud and cyber threats
- Strengthening due diligence in lending practices
- Monitoring credit growth and asset quality closely
- Supporting MSMEs and priority sectors responsibly
- Ensuring uninterrupted digital and customer services
The directive comes in the wake of global economic uncertainties, increased digital transactions, and the need to maintain public trust in the banking system.
“Banks are the backbone of our economy. They must function with discipline, transparency, and utmost caution to protect the interests of citizens and maintain financial integrity,” the Finance Minister stated.
All banks have been instructed to conduct regular risk assessments, update internal controls, and maintain clear communication with the Ministry on operational status and emerging concerns.
This move reflects the government’s commitment to a stable, secure, and inclusive financial ecosystem.
