Category Archives: Bank

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

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

RBI sets up a panel of 5 persons to screen Bank license applications

Posted on September 2, 2013 by Vijayashankar Na

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 | Leave a comment

Promoting E Banking-Role of RBI

Posted on August 24, 2013 by Vijayashankar Na

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 | Leave a comment

IDRBT sets up Information Assurance Center

Posted on August 3, 2013 by Vijayashankar Na

According to a report in Hindu-Business Line, the Governor of RBI inaugurated a Centre for Information Assurance and Management (CIAM) in association with the State University of New York at Buffalo. The CIAM is expected to  function as a “one-stop” resource … Continue reading →

Posted in Bank, RBI | Leave a comment

IT Companies vie for business from New Banks

Posted on July 18, 2013 by Vijayashankar Na

Even before the decision on which of the 26 applicants will get Banking license, Infosys, TCS and Oracle are vieing with each other for supply of Core Banking software to the new Banks. It is estimated that each Bank will … Continue reading →

Posted in Bank, RBI | Leave a comment