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Monthly Archives: April 2013
Workshop on Safe E Banking
A day long workshop on Safe E Banking is underway at Reserve Bank of India, Bangalore. Mr G.Gopalakrishna, The Regional Director of RBI, Mrs Uma Shankar, Regional Director of RBI at Bangalore has inaugurated the workshop. ED is delivering the … Continue reading
Posted in RBI
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Migrating to Adaptive Authentication
Banks in India have been traditionally using the “Legally Non Compliant”, “Password based Authentication” for their E Banking requirements. As a result there are frequent customer-Bank conflicts where the customer demands that Bank should undertake the liability on account of … Continue reading
Posted in Bank, ITA 2008, RBI, Uncategorized
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Banking Ombudsman Scheme under Review
As one of the follow up measures of Damodaran Committee report on Customer Service, RBI has set up a committee to review the Banking Ombudsman scheme. (Refer details here). Members of the public who have their views on the functioning … Continue reading
Posted in Bank
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Banks can be fined upto Rs 1 crore for violating RBI regulation
The Banking Regulation Act amendment Act 2012 which was recently passed by the Parliament has now become effective.(See PIB Press Release). It amends several provisions of the Banking Regulation Act 1949. Some of the amendments are directed towards new Branch … Continue reading
Posted in Bank, ITA 2008
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Can Minors open Facebook account?
For the regular users of Facebook or Google, the question whether minors can open an account appears funny. But this is precisely what the Delhi High Court has asked the Indian Government in a PIL. (Details here). It would be … Continue reading
Posted in ITA 2008, Uncategorized
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46% of Bank Customers donot trust Internet Banking System! (?)
An interesting survey conducted in three countries namely US,UK and Germany have indicated that 46% of the consumers donot trust websites which rely only on “Passwords” for authentication. (Refer findings here) If the findings of this survey is extended to … Continue reading
Posted in Bank, Cyber Law, RBI
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