Category Archives: Bank

Tata Sons withdraws Application for Banking license

Posted on November 28, 2013 by Vijayashankar Na

In a decision that looks surprising to many, Tatasons has withdrawn its application for Banking license. Refer story This is the second group after Videocon to have withdrawn its application. It would be interesting to observe the impact of the … Continue reading →

Posted in Bank, Cyber Law | Leave a comment

The threat of Bitcoins…Attention RBI

Posted on November 25, 2013 by Vijayashankar Na

An article in Forbes raises an interesting aspect on how China may be preparing for a new Cyber War front based on controlling the virtual currency. See the article here Readers of Naavi.org are familiar with the discussions on “Linden” … Continue reading →

Posted in Bank, bitcoin, Cyber Crime, RBI | Leave a comment

Future of ATM banking in India

Posted on November 20, 2013 by Vijayashankar Na

Yesterday’s physical attack on an ATM customer at Bangalore should be an eye opener for all security professionals who are interested in security as well as Bank professionals who are promoting for increased use of ATM as a customer service … Continue reading →

Posted in Bank, Cyber Crime, RBI | Leave a comment

Time to question safety of ATMs?

Posted on November 19, 2013 by Vijayashankar Na

So far we have been debating the cyber crime risks associated with ATMs and the need for Banks to assume responsibility. However today an incident in Bangalore has changed the perspective completely and throwing up basic questions on whether at … Continue reading →

Posted in Bank, RBI | Leave a comment

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