"There is a lot of catching up (to be done) by private sector banks with respect to their public sector counterparts in this aspect.I would request that the private sector banks increase their participation in the PMJDY and Jan Suraksha schemes in order to realise the ambitious goals that the government has set," Joshi said.
Banks need to operationalise inoperative accounts, encourage nominations and create awareness about cyber fraud, financial services secretary Vivek Joshi said on Tuesday.