Search Results for: bank

Union Bank of India should learn to protect its Digital Assets

[In continuation of the previous Article] Naavi has been advocating that Digital Assets need to be accounted for in the balance sheets of its owners. Today it is only under the Personal Data Protection Standard of India or PDPSI that a … Continue reading

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Union Bank of India will be facilitating Phishing by Ignorance and Negligence

Union Bank of India is considered one of the better managed banks in India and RBI recently merged Corporation Bank and Andhra Bank with Union Bank. Both the merged Banks had decades of history and brand name amongst its customers.  … Continue reading

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What is the objective behind the application of Bankruptcy code on Net4India?

“The intention of the insolvency and bankruptcy code is to keep companies a “going concern” and not liquidate them”.  ..so said our honourable Finance Minister while getting the Bankruptcy and Insolvency Code passed through the Parliament. But contrary to what … Continue reading

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Are Banks taking sufficient steps to protect their Employees?

During the Covid lockdown, apart from the Police and the Health workers who are being hailed as “Covid Warriors”, there are also another industry where the employees are keeping the services going despite the enormous risks that the employees are … Continue reading

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Don’t use ICICI Bank services for FASTag

After the use of FASTag was made mandatory for toll payments, several service providers came up with a proposal to provide the FASTag stickers including some banks. When the original date for introduction was set as December 15,2019, there was … Continue reading

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DAV Vs Indian Bank: Supreme Court considers Negligence of Bank and orders compensation

There have been so far many awards from Adjudicators in different states  in which Bankers have been held liable for frauds such as “Phishing”. Starting with the S Umshankar Vs ICICI Bank award in 2010, adjudicators in Mumbai, Gujarat, Telengana … Continue reading

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