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 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

What does the new RBI Governor has to say for this?

Posted on September 18, 2013 by Vijayashankar Na

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 | Leave a comment

Can we believe that RBI inadvertently missed a Banking license applicant?

Posted on September 16, 2013 by Vijayashankar Na

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 | Leave a comment

Differentiated Licensing for new Banks open up better prospects.. for litigation?

Posted on September 3, 2013 by Vijayashankar Na

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 | Leave a comment