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Category Archives: RBI
Cyber Security Framework and Directors of Banks- An Action Plan..for Now..
The Cyber Security Framework (CSF-2016) proposed by RBI to be implemented by Banks has posed a stiff challenge to the community of Bank Directors. After the lukewarm response to its previous guidelines including the E Banking Security Guidelines (GGWG Recommendations) … Continue reading
Posted in Bank, ITA 2008, RBI
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SMS Based 2F authentication is dead.. FinTech companies skating on thin ice
During the days of G Gopalakrishna Working Group (GGWG) of RBI which was deliberating on the E Banking security, two Banks namely ICICI Bank and SBI who were members of the committee tried to argue that “Two Factor Authentication” should … Continue reading
Posted in Bank, RBI
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Raghuram Rajan exits.. Media starts its games once again.
The media including the otherwise respected Economic Times and CNBC TV all predicted dooms day for Indian economy if Rajan is not given a second term. It was funny to observe that even Mr Narayana Murthy of Infosys made a … Continue reading
Posted in Bank, RBI
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Lessons from China to Indian Bankers and RBI
China Banking Regulations Commission (CBRC) has notified guidelines to the Banking industry to use “Secure and Controllable Technology” to strengthen the Internet based Banking system. This guideline has the potential to bring significant changes to the IT industry in China … Continue reading
Posted in Bank, RBI
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Will Axis Bank Explain?
Naavi.org recently was informed of a bizarre instance involving Axis bank and ATM transactions. This incident is a matter of serious concern to all Axis Bank customers and hence we would like to bring this to the notice of all … Continue reading
Posted in Bank, ITA 2008, RBI
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Does Nachiket Mor Committee report impress to deceive?
One of the first initiatives that the new RBI Governor Mr Raghuram Rajan took after assuming office a few months back was the formation of the Nachiket Mor committee on “Comprehensive Financial Services for Small Businesses and Low Income Households”. … Continue reading
Posted in Bank, RBI
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