Srinagar, July 22: Chief Secretary of Jammu and Kashmir, Dr. Arun Kumar Mehta, chaired the 32nd meeting of the Union Territory Level Coordination Committee (UTLCC) by the Reserve Bank of India.
As per an official, UTLCC is a platform for inter-regulatory and inter-institutional coordination on issues related to unauthorised deposits, frauds, the sharing of Market Intelligence.
The meeting, which was held on Thursday, was attended by R.K.Goyal, Financial Commissioner, Department of Home, Vivek Bhardwaj, Financial Commissioner, Finance Department, Achal Sethi, Law Secretary, A.K Choudhary, Special DG Crime, R.R.Swain, Special DG CID & Haamid Bukhari, ROC Srinagar.
During the meeting, the Chief Secretary emphasized on the need to protect the interest of the public by setting up a robust ecosystem in J&K.
Apart from reviewing the status of action taken against certain delinquent entities, the meeting covered issues of the early framing of rules under BUDS Act 2019 in J&K, conduct of more frequent Sub-Committee meetings, timely closure of cases, sharing of Market Intelligence among key stakeholders among others. The Chief Secretary also set a timeline for rollout of BUDS Act 2019.
From the Reserve Bank of India, K.P.Patnaik, Regional Director, addressed the participants through VC.
He highlighted the menace of unauthorized digital lending apps and the need for greater awareness programs for public.
Neeraj Kumar, General Manager, Ruchir Sonkar, AGM, Inzar Talib, Manager represented RBI at Civil Secretariat, Srinagar while other officers attended through VC.
Akshay Labroo, Director, Information and Public Relations and participants from SEBI, ICAI among others also attended the meeting, the official added.