CyberTimesIndia | July 28, 2025
Srinagar — In the wake of the devastating Pahalgam terror attack, Jammu & Kashmir Bank’s cybersecurity infrastructure has stood as an impenetrable shield against a wave of cyberattacks. CEO Amitava Chatterjee confirmed that all attempted digital intrusions following the incident have been effectively neutralized, ensuring uninterrupted banking services for customers across the region.
“We witnessed several intrusion attempts following the Pahalgam tragedy, but thanks to our proactive monitoring and advanced cybersecurity protocols, none succeeded,” said Chatterjee in a press statement.
The bank’s digital resilience comes at a crucial time. On April 22, 2025, the Pahalgam attack claimed 26 lives, prompting concerns of further disruptions—including in the financial sector. Beginning April 23, multiple cyberattacks, including some allegedly traced to Pakistan and other foreign entities, targeted J&K Bank’s digital assets.
🔐 No Breach, No Downtime
According to internal reports, the attacks were thwarted at various network entry points. “Not a single application was compromised. We had to remain vigilant round the clock, but the system held up brilliantly,” the CEO stated.
The Reserve Bank of India (RBI) has already recognized J&K Bank as one of the most cyber-secure institutions in its peer group. The bank also swept multiple cybersecurity awards at the Indian Banks’ Association’s 2025 CISO Summit.
“Our CISO has even been appointed advisor to the J&K government for cyber defense,” Chatterjee added.
📉 Minimal Financial Impact
Despite the temporary decline in tourism and transport activity following the attack, the bank’s asset quality remains stable. Tourism accounts for only about 1% of the bank’s overall loan exposure, minimizing direct risk.
Loan repayment slippages in affected segments have remained under 1%, signaling strong borrower resilience.
🧾 Relief for Affected Borrowers
J&K Bank has formally proposed to the UT-Level Bankers Committee to declare the affected area as a “disturbed region” under RBI norms. This move would allow for loan restructuring and provide immediate relief to impacted businesses and individuals. An official government notification is expected soon.
