Category Archives: RBI

RBI may very well disclose its favourite Bank Licensee

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

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Khayaal aapka..loss bhi aapka..laabh to hamara

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

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Posted in ITA 2008, RBI | 1 Comment

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

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

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

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

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

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

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Promoting E Banking-Role of RBI

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

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Posted in Bank, Cyber Crime, Cyber Law, Netizen's Forum, RBI | Leave a comment