Monthly Archives: February 2013
A Note for the attention of SMEs- on Cheque Disincentivisation
RBI Move on Cheques to hit SMEs hard Reserve Bank of India (RBI) has issued a “Discussion Paper” on “Disincentivisation of issuance and usage of Cheques” on January 31, 2013 and invited public comments by February 28, 2013. Since the … Continue reading
Executive Director RBI calls for Round Table for discussion on Cyber Fraud liability
On January 2, 2013, Mr G.Padmanabhan, (GP) Executive Director of RBI gave a keynote address in Banker’s club Trivandrum where he has echoed some of the arguments used in the discussion paper on disincentivisation of cheques which was later released … Continue reading
Naavi.org Response to RBI Discussion Paper on Disincentivisation of Cheques
Naavi.org has finalized its first response to the RBI discussion paper on Disincentivisation of cheques released by RBI on 31st January 2013. A Copy of the response is available here : http://www.naavi.org/cl_editorial_13/rbi_discussion_cheques_ds.pdf Public comments can be sent upto 28th … Continue reading
Message sent to RBI through the website of RBI
I refer to the discussion paper on “Disincentivisation of the issue and usage of cheques” by RBI through the Payment and Settlement Department on January 31, 2013 for which public are expected to send their response. The matter is of … Continue reading
“Banking is a Fundamental Right” says Dr Chakravarthy, Dy.Governor of RBI
Dr K.C. Chakravarthy, Deputy Governor of Reserve Bank of India speaking at Kochi on 9th February 2013 he stated that if the people in this country are not able to get access to basic banking services even after the regulatory … Continue reading
UK dropped Cheque stoppage proposal after public outcry..Why India should not?
We refer to the unwise move of Reserve Bank of India to “disincentivise” the use of cheques in India. RBI has released a discussion paper in this regard and invited public comments before February 28, 2013. (comments may be submitted … Continue reading