Daily Archives: February 12, 2023

Citi Bank Customers in India face a sudden closure of account

Posted on February 12, 2023 by Vijayashankar Na
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Who is responsible for the CitiBank fiasco?

Posted on February 12, 2023 by Vijayashankar Na

It is time for a PIL to explore the inconvenience and business disruption caused to customers of Citi Bank because of the acquisition of its consumer  business to Axis Bank. The damage caused to individual businesses whose cheques would have … Continue reading →

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CItiBank abruptly closes customer accounts. RBI and Axis Bank fail in their duties

Posted on February 12, 2023 by Vijayashankar Na

Last week, CitiBank sprung a surprise on its customers by abruptly closing their accounts in preparation for the merger of its operations with Axis Bank by the end of March 2023. In the process, many clients having their primary and … Continue reading →

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CNIL Fine of Discord.com

Posted on February 12, 2023 by Vijayashankar Na

The fine of Euro 800000/- imposed by CNIL on the US based Discord.com is an instance where the supervisory authority conducted its own online inspection without any complaint about data breach and arrived at the fine for a relatively low … Continue reading →

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