Category Archives: Bank

Yet another case of Banking fraud involving loss of Rs 19 lakhs to a retired IIT professor has been reported by DNA. See report This is a typical phishing fraud arising out of failure of security in the Banking system. … Continue reading →

After RBI received 26 applications for Bank licenses, discussions have been going on on whether it is desirable to issue a large number of licenses or restrict it to a few. Many corporates who perhaps were the favourites of the … Continue reading →

It is reported that RBI has zeroed in on a panel of 5 eminent members to screen the Banking license applications and provide necessary guidance to the RBI Governor for suitable decision. Though not confirmed, it is expected that the … Continue reading →

According to a report in Hindu-Business Line, the Governor of RBI inaugurated a Centre for Information Assurance and Management (CIAM) in association with the State University of New York at Buffalo. The CIAM is expected to  function as a “one-stop” resource … Continue reading →

Even before the decision on which of the 26 applicants will get Banking license, Infosys, TCS and Oracle are vieing with each other for supply of Core Banking software to the new Banks. It is estimated that each Bank will … Continue reading →