Category Archives: Uncategorized

New Banking License-Let’s Remember Gandhian Principles of Banking

Reserve Bank of India has released the list of 26 Banking license applicants who have sought licences under the new licenses to be released. The list of aspirants is as follows. 1. Aditya Birla Nuvo Ltd., Mumbai. 2. Bajaj Finserv … Continue reading

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Hong Kong Government accuses US Government of hacking

The controversy surrounding the PRISM program of US Government under which the US intelligence agency intercepted the communication of billions of foreigners assumed a twist today with the Hong Kong Government accusing the US Government virtually of hacking. The whistleblower … Continue reading

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Use of Aadhar for Cardholder authentication

It is reported that RBI is considering use of Aadhar as a second factor authentication for Credit Card transactions. Report in TOI here The cost of upgrading the card swipe mechanism at the merchants with a biometric capable instrument is … Continue reading

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Karnataka High Court delivers a favourable verdict for Axis Bank

P.S: Karnataka High Court has given a decision on 27th May 2013 in a writ petition filed by Axis Bank which has a huge implication on Cyber Crime victims in Karnataka and elsewhere in India. Hence in the general public … Continue reading

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Safe E Banking- Some initiatives that calls for attention

Naavi has been following the developments in the Indian Banking scenario for the last 4 decades and has closely been associated with the industry as an employee of the Banking industry as well as a consultant and critique. In the … Continue reading

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Cyber Policing Initiatives in Kerala

Kerala Police have initiated a unique step to strengthen the Cyber Crime mitigation effortsby involving select members of public as “Honorary Police Officers”. It may be recalled here that in Chennai, a senior Police officer by name Mr Prateep Phillip … Continue reading

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