IICA Qualified Independent Director
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Tag Archives: RBI
Should Indian Post be granted Banking license?..Do they need one?
The decision of Indian Postal Department to seek a Banking license from RBI through the Licensing Scheme meant for private sector has been an object of discussion since the announcement was made. The application is a source of embarrassment to … Continue reading
Which of the 26 applicants deserve Bank license?
As the debate on the choice of probable licensees hots up, here is an interesting debate in moneycontrol.com between three experts See Copy of the Detailed debate here The three experts who have expressed their views are R Jagannathan, the Editor … Continue reading
Will RBI disclose “Sanction Mechanism” to enforce sanctity of Banking license conditions?
The opening up of a licensing window for Private Banks in India which has attracted 26 applications has also raised a debate on whether the new licenses are beneficial to the economy. RBI intends to impose “Financial Inclusion” and “Priority … Continue reading
Posted in Bank, RBI
Tagged bank, financial inclusion, india, license, priority sector lending, RBI
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How the OTP system for Bank transactions is bypassed
Dec 7: The commercial banks in India have banked heavily on the two factor system where the OTP sent through a mobile is used to authenticate the password based access. Some Banks like SBI and ICICI Bank even tried to convince … Continue reading