Category Archives: ITA 2008

Why Cheque System is also important for Netizens

Naavi.org has been in the forefront of discussions on E Banking security and how the bank customer needs to be protected from liabilities arising out of E Banking risks. At the same time we have also been opposing RBI’s discussion … Continue reading

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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

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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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