Author Archives: Vijayashankar Na

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

Can we believe that RBI inadvertently missed a Banking license applicant?

Posted on September 16, 2013 by Vijayashankar Na

In what appears to be a big joke, it is reported that RBI inadvertently missed announcing the name of the Chandigarh based “KC Land &Finance” as one of the applicants to Banking license which it announced with fanfare on July … Continue reading →

Posted in Cyber Law | Leave a comment

Differentiated Licensing for new Banks open up better prospects.. for litigation?

Posted on September 3, 2013 by Vijayashankar Na

After RBI received 26 applications for Bank licenses, discussions have been going on on whether it is desirable to issue a large number of licenses or restrict it to a few. Many corporates who perhaps were the favourites of the … Continue reading →

Posted in Bank, RBI | Leave a comment

RBI sets up a panel of 5 persons to screen Bank license applications

Posted on September 2, 2013 by Vijayashankar Na

It is reported that RBI has zeroed in on a panel of 5 eminent members to screen the Banking license applications and provide necessary guidance to the RBI Governor for suitable decision. Though not confirmed, it is expected that the … Continue reading →

Posted in Bank, RBI | Leave a comment

Promoting E Banking-Role of RBI

Posted on August 24, 2013 by Vijayashankar Na

RBI in its recent annual report, has lamented that 90% of payments are estimated to be collected through Cash/Cheque despite its efforts to promote E Banking. (See this report in Business Line). RBI has stated that more than 3080 crore … Continue reading →

Posted in Bank, Cyber Crime, Cyber Law, Netizen's Forum, RBI | Leave a comment

Mumbai High Court on Section 66A

Posted on August 20, 2013 by Vijayashankar Na

The Mumbai High Court has in a judgement opined that Section 66A can be applied even in the case of Websites. According to this report in TOI, the High Court held “Creating a website that may contain false or offensive … Continue reading →

Posted in ITA 2008 | Leave a comment

HIPAA-US$1.2 m damage for not sanitizing photocopier hard disk

Posted on August 15, 2013 by Vijayashankar Na

A HITECH Act violation by a health plan in New York resulted in a potential data breach of 344,579 individuals has resulted in the HHS imposition of penalty of Rs $1,215,780 as a settlement. The breach occurred when the Plan … Continue reading →

Posted in Cyber Law, HIPAA | Leave a comment