Monthly Archives: July 2013

Beware of any fraudulent email

I am informed that there was an unsuccessful attempt to change password in my yahoo email account. (vijayashankar@yahoo.com). While I have taken some precautions since the report, If this is a malicious attempt and is repeated again with success, I … Continue reading

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Banking License Aspirants Should Disclose Business Plans to Public

In India, Reserve Bank of India (RBI) is gearing itself to grant fresh Banking licenses. 26 applications are now under the consideration of RBI. The applicants include a diverse set of groups which includes a) A department of the Government of India … Continue reading

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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

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Not all Eligible applicants to get Bank License

Governor of RBI has clarified that out of the 26 applications received by RBI for new Banking license, not all otherwise eligible applicants will be granted the license.  RBI has also clarified that it would take about 3-4 months for … Continue reading

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Android Vulnerability Exposed

A research firm in UK has found a vulnerability in the Android mobile software which can be used as a “Master Key” where by an intruder can take complete control of the phone. The bug could be exploited to let an … Continue reading

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New Bank Licences-Make Cyber Crime Insurance Mandatory

The applications received by RBI for new Bank licenses and the possible political push for issue of licenses before the next elections have raised a serious concern in the market that undeserving companies with political connections may some how make … Continue reading

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