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Category Archives: Cyber Law
RBI’s conspiracy by silence
Often we find in political circles that there is a wide spread corruption indulged by some while a few remain honest by themselves but fail to check the corrupt due to various compulsions. Many senior officials of RBI are typically … Continue reading
Posted in Bank, Information Assurance, ITA 2008, RBI
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RBI set to rob Rs 10000 crores from Bank customers!
The discussion paper on Disincentivisation of cheques issued by RBI envisages charging bank customer for every cheque book issued by the Bank, every cheque issued by the customer and every cheque deposited by the customer for clearing. This means that each … Continue reading
Posted in Bank, Cyber Crime, ITA 2008, Netizen's Forum, RBI
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Executive Director RBI calls for Round Table for discussion on Cyber Fraud liability
On January 2, 2013, Mr G.Padmanabhan, (GP) Executive Director of RBI gave a keynote address in Banker’s club Trivandrum where he has echoed some of the arguments used in the discussion paper on disincentivisation of cheques which was later released … Continue reading
Posted in Bank, Cyber Crime, Cyber Law, Netizen's Forum, RBI
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Naavi.org Response to RBI Discussion Paper on Disincentivisation of Cheques
Naavi.org has finalized its first response to the RBI discussion paper on Disincentivisation of cheques released by RBI on 31st January 2013. A Copy of the response is available here : http://www.naavi.org/cl_editorial_13/rbi_discussion_cheques_ds.pdf Public comments can be sent upto 28th … Continue reading
Posted in Bank, Cyber Crime, Cyber Law, Information Assurance, Netizen's Forum, Privacy, RBI, Uncategorized
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RBI is recommending unreasonable and Usurious charges for customers
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
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RBI out to openly violate laws of banking
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
Posted in Bank, Cyber Crime, ITA 2008
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