Search Results for: bank

Last week, CitiBank sprung a surprise on its customers by abruptly closing their accounts in preparation for the merger of its operations with Axis Bank by the end of March 2023. In the process, many clients having their primary and … Continue reading →

Kotak Mahindra Bank became the Sixth Bank in India to be declared under Section 70 of Information Technology Act 2000 as a “Protected System”. The Notification was issued on 11th January. Earlier, following Banks namely ICICI Bank, HDFC Bank, Bank of … Continue reading →

Through separate Gazette Notifications, Government of India has declared three more Banks namely Bank of Baroda, Union Bank of India and Punjab National Bank as “Protected Systems” under Section 70 of ITA 2000. They join ICICI Bank and HDFC Bank … Continue reading →

The notification from MeitY dated 16th June 2022 declaring the CBS system, RTGS System, NEFT System and the Structured Financial Messaging Server as protected systems and imposing the information security guidelines of 22nd May 2018 is a watershed moment in … Continue reading →

On 16th of June, 2022, the Government of India issued a Gazette Notification declaring some of the digitals assets of ICICI Bank as “Protected System” under Section 70 of ITA 2000. At present only a copy of the Gazette Notification … Continue reading →