Author Archives: Vijayashankar Na
“Zero Liability for E Banking”… Let there be competitive compliance drive.. to join the Hall of Fame
A Bold Initiative by RBI Just as our PM Mr Modi bit the bullet by demonetizing the Rs 500/1000 notes despite the stiff resistance from many, RBI has bit the bullet in issuing the Zero Liability guideline on E Banking … Continue reading
“Zero Liability” for Bank frauds… Customers need to take some precautions…
After waiting for more than 10 months and repeated reminders at all levels including the Finance Minister and the Prime Minister, RBI finally came out with its circular of 6th July 2017 titled “Customer Protection-Limited Liability in Unauthorized Electronic Banking … Continue reading
At Last, the Limited Liability Circular is Operationalized
After a long wait, the Limited Liability Circular issued on August 11, 2016 (Also refer an earlier article), has now been operationalized. In a notification released today, RBI has finally issued the circular as an operational circular. (Earlier circular was … Continue reading
Can Bitcoin Exchanges in India be booked for Treason and Cyber Terrorism?
Police in Patiala have reportedly busted an “Abduction” (Kidnapping) case in which the ransom demand was made in Bitcoins. This has therefore raised a question once again about the role of Bitcoins as a “Currency of Criminals” and the need … Continue reading
Peer to Peer Lending Platforms and Regulatory Compliance
Peer to Peer Lending (P2P lending) is a relatively recent innovation in the “FinTech” business space. It is an interesting development enabled by the development of technology platforms which can bring together people with complimentary needs instantly. The Uber, Ola … Continue reading
Information Technology Structure for NBFCs.. RBI issues guidelines
On June 8, 2017, RBI issued an important document containing guidelines for Information Technology Framework for NBFC sector. The Master Direction sets detailed guidelines for managing the IT infrastructure by NBFCs in order to enhance the safety, security and efficiency of … Continue reading