Naavi
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IICA Qualified Independent Director
Book Cyber Crimes
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Category Archives: Bank
RBI has been taken over by hawks
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
Posted in Bank, RBI
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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
Posted in Bank, Cyber Crime, ITA 2008
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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
Posted in Bank, Cyber Crime, ITA 2008
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Phishing Frauds and Customer Liability
Here is an interesting paper about how in US and EU, losses arising out of password thefts such as Phishing are not borne by the customers. RBI needs to take special note of this. In particular I would like to … Continue reading
Posted in Bank, Cyber Crime, Cyber Law, Information Assurance
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Usage of Cheques are being disincentivised
Reserve Bank of India has released a discussion paper on a plan to disincentivise usage of cheques. Public have been asked to send their comments before February 28, 2012. Disincentivisation of cheques automatically means greater push to the electronic banking … Continue reading
Posted in Bank, Cyber Crime
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Bankers try to mislead credit card customers
Earlier in the day today, Times of India first reported the arrest of 5 Indians in USA in connection with the US$ 200 million credit card fraud. Immediately thereafter there was a second report in TOI itself attributing the growth … Continue reading
Posted in Bank, Cyber Crime, Cyber Law, Information Assurance
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