Category Archives: ITA 2008

RBI is impotent.

The hard hitting articles on this website on E Banking insecurity and therefore an assertive opposition to the current RBI move to hard push customers from cheque disincentivsation measures towards E Banking may annoy some of the technology followers both … Continue reading

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RBI’s conspiracy by silence

Often we find in political circles that there is a wide spread corruption indulged by some while a few remain honest by themselves but fail to check the corrupt due to various compulsions. Many senior officials of RBI are typically … Continue reading

Posted in Bank, Information Assurance, ITA 2008, RBI | Leave a comment

RBI set to rob Rs 10000 crores from Bank customers!

The discussion paper on Disincentivisation of cheques  issued by RBI envisages charging bank customer for every cheque book issued by the Bank, every cheque issued by the customer and every cheque deposited by the customer for clearing. This means that each … Continue reading

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RBI is recommending unreasonable and Usurious charges for customers

I draw the attention of the Governor of RBI  to the latest discussion paper released by RBI for disincentivising the use of cheques. If we go through some of the suggestions it appears that RBI has simply gone crazy. It … Continue reading

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RBI out to openly violate laws of banking

Section 5(b) of the Banking regulation act of India defines “Banking” as follows: “banking” means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawal by cheque, … Continue reading

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Internet Censorship-Case In Kerala posted for hearing

The public interest litigation on Internet censorship filed in Kerala High court by an advocate Shojan Jacob is expected to be heard in the Keral High Court shortly. The petition which has highlighted the Section 79 rules under which arbitrary … Continue reading

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