Category Archives: Bank

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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A Note for the attention of SMEs- on Cheque Disincentivisation

RBI Move on Cheques to hit SMEs hard Reserve Bank of India (RBI) has issued a “Discussion Paper” on “Disincentivisation of issuance and usage of Cheques” on January 31, 2013 and invited public comments by February 28, 2013. Since the … Continue reading

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Executive Director RBI calls for Round Table for discussion on Cyber Fraud liability

On January 2, 2013,  Mr G.Padmanabhan, (GP) Executive Director of RBI gave a keynote address in Banker’s club Trivandrum where he has echoed some of the arguments used in the discussion paper on disincentivisation of cheques which was later released … Continue reading

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Naavi.org Response to RBI Discussion Paper on Disincentivisation of Cheques

Naavi.org has finalized its first response to the RBI discussion paper on Disincentivisation of cheques released by RBI on 31st January 2013. A Copy of the response is available here :   http://www.naavi.org/cl_editorial_13/rbi_discussion_cheques_ds.pdf Public comments can be sent upto 28th … Continue reading

Posted in Bank, Cyber Crime, Cyber Law, Information Assurance, Netizen's Forum, Privacy, RBI, Uncategorized | 3 Comments

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

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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