Finance Department
08-04-2026
The 40th State Level Coordination Committee (SLCC) meeting was held today in the auditorium of the Old Secretariat under the chairmanship of Chief Secretary, Bihar, Shri Pratyay Amrit. Senior officials from various departments, including Additional Chief Secretary (Finance), Shri Anand Kishore, Special Secretary (Finance), Shri Mukesh Kumar Lal, and Regional Director of the Reserve Bank of India (RBI), Shri Sujit Kumar Arvind, were present at this important meeting. During the meeting, various agenda items were reviewed and discussed in detail.
During the meeting, the Chief Secretary issued the following strict instructions to curb illegal financial activities and counterfeit currency in the state. The Chief Secretary directed that bank branches located near the India-Nepal border must be equipped with note sorting machines to effectively curb the circulation of counterfeit currency. Instructions were given to increase surveillance in border areas and establish more currency exchange centers for the convenience of the general public. Emphasis was placed on holding review meetings at regular intervals to improve transparency and the functioning of cooperative banks in the state.
The meeting reviewed the implementation of the Banning of Unregulated Deposit Schemes (BUDS) Act 2019 and the Bihar Protection of Interests of Depositors (BPID) Act 2002. The Economic Offences Unit (EOU) was directed to take prompt action against erring entities.
The Regional Director of the Reserve Bank of India shared important information, stating that genuine calls to banks will now come from numbers beginning with ‘1600’. He also clarified that links to banks’ official websites must end with ‘.in’, so that the public can distinguish between genuine and fake websites.
The Finance Department and RBI are continuously running fraud awareness campaigns through social media, radio jingles (Maithili and Bhojpuri), and newspapers.
The RBI informed about the ‘Digital Payments Intelligence Platform’ (DPIP), which is capable of detecting fraud in real time through AI and flagging suspicious entities.
An FIR has been registered against ‘Purnoday Nidhi Limited’. Illegal loan apps like ‘Nitrophin Financial’ have been removed by the Cyber Cell, and entities like ‘Samruddha Bestwin Micro Finance’ are being monitored.
At the end of the meeting, the Chief Secretary directed everyone to coordinate better and share information to ensure the safety of public deposits.