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

Message sent to RBI through the website of RBI

Posted on February 14, 2013 by Vijayashankar Na

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 →

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“Banking is a Fundamental Right” says Dr Chakravarthy, Dy.Governor of RBI

Posted on February 14, 2013 by Vijayashankar Na

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 →

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UK dropped Cheque stoppage proposal after public outcry..Why India should not?

Posted on February 13, 2013 by Vijayashankar Na

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 →

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Message sent to Payment and Settlement Department RBI through the website

Posted on February 12, 2013 by Vijayashankar Na

The payment settlement department has authored the E Banking promotion policy reflected in the discussion paper on disincentivisation of cheque usage. I would like to state that this is a promotion of commercial banking business rather than technology enablement and … Continue reading →

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Digital Divide threatens Indian Banking

Posted on February 12, 2013 by Vijayashankar Na

The move from RBI to aggressively promote E Banking even in the light of repeated assertions that the E Banking risks are beyond tolerance levels and to actively discourage use of cheques and cash in Banking is likely to be … Continue reading →

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RBI has been taken over by hawks

Posted on February 12, 2013 by Vijayashankar Na

RBI has traditionally been known as consumer friendly. Top executives of RBI have always upheld the interest of common man in devising their policies. This was seen through out the days when technology made inroads to Banking. The SR Mittal … Continue reading →

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