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

Digital Divide threatens Indian Banking

Posted on February 12, 2013 by Vijayashankar Na

The move from RBI to aggressively promote E Banking even in the light of repeated assertions that the E Banking risks are beyond tolerance levels and to actively discourage use of cheques and cash in Banking is likely to be … Continue reading →

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RBI has been taken over by hawks

Posted on February 12, 2013 by Vijayashankar Na

RBI has traditionally been known as consumer friendly. Top executives of RBI have always upheld the interest of common man in devising their policies. This was seen through out the days when technology made inroads to Banking. The SR Mittal … Continue reading →

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Why RBI is wrong

Posted on February 12, 2013 by Vijayashankar Na

The RBI discussion paper on disincentivisation of the use of cheques is very disturbing. The objective of the discussion paper is to get public response on the points raised in the discussion paper or rather get a public endorsement on the … Continue reading →

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RBI is recommending unreasonable and Usurious charges for customers

Posted on February 11, 2013 by Vijayashankar Na

I draw the attention of the Governor of RBI  to the latest discussion paper released by RBI for disincentivising the use of cheques. If we go through some of the suggestions it appears that RBI has simply gone crazy. It … Continue reading →

Posted in Bank, Cyber Crime, ITA 2008 | Leave a comment

RBI out to openly violate laws of banking

Posted on February 11, 2013 by Vijayashankar Na

Section 5(b) of the Banking regulation act of India defines “Banking” as follows: “banking” means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawal by cheque, … Continue reading →

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Phishing Frauds and Customer Liability

Posted on February 11, 2013 by Vijayashankar Na

Here is an interesting paper about how in US and EU, losses arising out of password thefts such as Phishing are not borne by the customers. RBI needs to take special note of this. In particular I would like to … Continue reading →

Posted in Bank, Cyber Crime, Cyber Law, Information Assurance | Leave a comment