IICA Qualified Independent Director
Naavi
FDPPI Qualified Data Auditor
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Search Results for: e banking
Digital Banking in India is now under a serious threat… RBI needs to wake up
India has adopted a Governance policy involving high dependency on Digital Banking and this technological shift in Banking has the blessings of the Government, the RBI and also the Banks. Government is happy with Digital Banking because it is an … Continue reading
Posted in Cyber Law
Tagged Andoriod Virus, Bank fraud, Gurumurthy, Mazar BOT, Nandkumar Sarvade, RBI
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Corporation Bank net Banking System goes for a toss?
It is not clear what is happening at Corporation Bank and its online Banking system. Earlier the Internet Banking system was borrowed from the old ICICI Bank and it was working in the SB environment though not in the … Continue reading
Posted in Cyber Law
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Let’s tighten our seat belts and let Mr Narendra Modi shake up and clean the Indian Banking system
After the surfacing of the Nirav Modi-Mehul Chokshi scam in PNB, media is on its own interpretation some of which are politically motivated and some are born out of lack of information. According to NDTV and some other media, the … Continue reading
Posted in Cyber Law
Tagged city union bank, dinesh dubey, finacle, infosys, PNB, SWIFT
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Limited Liability on Electronic Banking Frauds also extends to Cooperative Banks
On July 6, 2017, RBI released the “Customer Protection-Limiting Liability of Customers in Unauthorized Electronic Banking Transactions”. The circular indicated that a customer is entitled to “Zero Liability” in case of loss arising out of frauds in E banking in … Continue reading
Posted in Cyber Law
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Banking Ombudsman Scheme Amended…and scope expanded
For quite some time the RBI’s Banking Ombudsman Scheme has been defunct since the scope of the scheme has been interpreted by the Ombudsman as very limited. In most cases, Ombudsman have the habit of not only rejecting the complaints … Continue reading
Posted in Cyber Law
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Challenge to Mr Urjit Patel.. Don’t let down Indian Banking system
When a catastrophe is about to hit us, we look upon leaders to respond with alacrity and with decisiveness. The difference between a Man Mohan Singh and Modi lies in that character of decisive action. Now such a challenge is … Continue reading
Posted in Cyber Law
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