Category Archives: Bank

Banking frauds in India

Posted on February 26, 2013 by Vijayashankar Na

RBI has for the first time released some statistics of frauds in the Indian Banks. (Details here) : (Press Release) According to the figures released Cyber Frauds in 2012 were about Rs 52.7 crores as against Rs 40.5 cores in … Continue reading →

Posted in Bank, Cyber Crime | Leave a comment

ICICI Bank Credit Card fraud surfaces at Mysore

Posted on February 20, 2013 by Vijayashankar Na

A serious credit card fraud has been reported from Mysore where a holder of ICICI Bank credit card has found that nearly RS 1 lakh has been debited to his credit card account on account of an airline ticket purchase … Continue reading →

Posted in Bank, Cyber Crime, Netizen's Forum, RBI | 1 Comment

Mysore Grahak Parishat takes up Cheque disincentivisation issue

Posted on February 20, 2013 by Vijayashankar Na

Mysore Grahak Parishat, the active consumer organization in Mysore is trying to create awareness of the impact of the RBI discussion paper on Disincentivisation of Cheques. A press release has recently been issued by the organisation in this regard. A … Continue reading →

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Dear Senior Citizens, You are unwelcome at Banks..implies RBI

Posted on February 18, 2013 by Vijayashankar Na

The RBI discussion paper on “Disincentivisation of issuance and use of cheques” wants to impose penalties for using cheques in banking transactions as also for cash withdrawals and deposits. Instead it urges people to shift to Internet banking and ATMs. … Continue reading →

Posted in Bank, Cyber Crime, Cyber Law, RBI | 2 Comments

RBI Move will encourage Private Cash Management Services

Posted on February 17, 2013 by Vijayashankar Na

The ill advised and illegal move of RBI to “Disincentivise usage of Cheques” through policy measures of penalizing cheque issuers and cheque beneficiaries is likely to have a serious negative impact on the economy with a significant increase of cash … Continue reading →

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Why Cheque System is also important for Netizens

Posted on February 16, 2013 by Vijayashankar Na

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 →