Unexplained Sudden Surge in interest in Axis Bank

Since yesterday, a strange surge in interest has been seen in “Axis Bank” in the Netizen community particularly connected to fraud and ATMs and surprisingly on “Cancellation of license”. This was observed by a large number of visitors to Naavi.org particularly to one article published in 2013. This is intriguing and indicates that there is an expectation somewhere that public are expecting some serious penal action by RBI on Axis Bank. I have no clue on the same and just reflect the reading of the data received.

On June 15 2013, we had published an article titled “Axis Bank ATM license should be cancelled by RBI” . In this article, we had highlighted frequent ATM frauds occurring in Axis Bank and had commented

“there is a clear indication that Axis Bank has failed to maintain a reasonable level of security at its ATMs which has caused the losses. It is therefore time for RBI to revisit its ATM security instructions and if it is found that Axis Bank has been systematically neglecting the security at its ATMs, RBI should consider suspending or cancelling the ATM licenses of Axis Bank”

In the last two days there have been nearly 400 visits to the particular page of this article some of the visits being directly out of a Google research “Axis Bank+license+cancel” indicating that there is some specific query on these terms. What is also surprising is that some of these Google queries has come from abroad like USA but most queries has come from India.

This is an unprecedented event and I expect some specific information in the air.

Let’s wait and watch.

Naavi

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About Vijayashankar Na

Naavi is a veteran Cyber Law specialist in India and is presently working from Bangalore as an Information Assurance Consultant. Pioneered concepts such as ITA 2008 compliance, Naavi is also the founder of Cyber Law College, a virtual Cyber Law Education institution. He now has been focusing on the projects such as Secure Digital India and Cyber Insurance
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