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Author Archives: Vijayashankar Na
What does the new RBI Governor has to say for this?
Yet another case of Banking fraud involving loss of Rs 19 lakhs to a retired IIT professor has been reported by DNA. See report This is a typical phishing fraud arising out of failure of security in the Banking system. … Continue reading
Posted in Bank, RBI
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Can we believe that RBI inadvertently missed a Banking license applicant?
In what appears to be a big joke, it is reported that RBI inadvertently missed announcing the name of the Chandigarh based “KC Land &Finance” as one of the applicants to Banking license which it announced with fanfare on July … Continue reading
Posted in Cyber Law
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Differentiated Licensing for new Banks open up better prospects.. for litigation?
After RBI received 26 applications for Bank licenses, discussions have been going on on whether it is desirable to issue a large number of licenses or restrict it to a few. Many corporates who perhaps were the favourites of the … Continue reading
Posted in Bank, RBI
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RBI sets up a panel of 5 persons to screen Bank license applications
It is reported that RBI has zeroed in on a panel of 5 eminent members to screen the Banking license applications and provide necessary guidance to the RBI Governor for suitable decision. Though not confirmed, it is expected that the … Continue reading
Posted in Bank, RBI
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Promoting E Banking-Role of RBI
RBI in its recent annual report, has lamented that 90% of payments are estimated to be collected through Cash/Cheque despite its efforts to promote E Banking. (See this report in Business Line). RBI has stated that more than 3080 crore … Continue reading
Posted in Bank, Cyber Crime, Cyber Law, Netizen's Forum, RBI
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Mumbai High Court on Section 66A
The Mumbai High Court has in a judgement opined that Section 66A can be applied even in the case of Websites. According to this report in TOI, the High Court held “Creating a website that may contain false or offensive … Continue reading
Posted in ITA 2008
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