Author Archives: Vijayashankar Na

About Vijayashankar Na

Naavi is a veteran Cyber Law specialist in India and is presently working from Bangalore as an Information Assurance Consultant. Pioneered concepts such as ITA 2008 compliance, Naavi is also the founder of Cyber Law College, a virtual Cyber Law Education institution. He now has been focusing on the projects such as Secure Digital India and Cyber Insurance

RBI mandates Bank liability for POS frauds

Posted on September 27, 2013 by Vijayashankar Na

RBI had announced certain risk mitigation measures for Card Present transactions vide 22nd Sept 2011. Under this circular, it had been mandated that Banks should implement commercial readiness of acquiring infrastructure to support PIN based POS systems before June 30, … Continue reading →

Posted in Bank, RBI | Leave a comment

Facebook Banking application from ICICI Bank

Posted on September 27, 2013 by Vijayashankar Na

The ICICI Bank application on Face Book that facilitates money transfers to “Friends” is reported to have the following functionality. The application is called “Pockets” -Split & Share that allows customers to split and track expenses and share them with … Continue reading →

Posted in Bank | Leave a comment

Discussion Paper on Future Banking Structure in India

Posted on September 27, 2013 by Vijayashankar Na

RBI had released a discussion paper on the Indian Banking Structure-Future Way Ahead. Comments can be sent upto October 31 2013. Copy of the discussion paper is available here The discussion paper has many points of debate such as Small … Continue reading →

Posted in Cyber Law | Leave a comment

RBI may very well disclose its favourite Bank Licensee

Posted on September 26, 2013 by Vijayashankar Na

In a series of changes announced by RBI on the criteria for selecting Bank licensees, one more statement has come out today stating that “RBI may dilute the initial Capital Requirement to accommodate more licenses”. Report Coming after addition of … Continue reading →

Posted in RBI | Leave a comment

Khayaal aapka..loss bhi aapka..laabh to hamara

Posted on September 25, 2013 by Vijayashankar Na

In an interesting technology innovation, ICICI Bank has announced introduction of a “Face Book” application which can enable you transfer funds from your account to your face book friends. According to information available, in order to  make a payment to any … Continue reading →

Posted in ITA 2008, RBI | 1 Comment

Revenge Porn Law Contemplated in California

Posted on September 25, 2013 by Vijayashankar Na

A Bill to criminalize acts of vengence by ex-spouses/ex-boy/girl friends posting obscene pictures on the Internet is contemplated to be punished under a new law proposed in California. The proposed punishment is 6 months jail and/or US $1000 as fine. … Continue reading →

Posted in Cyber Crime, ITA 2008 | Leave a comment