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IICA Qualified Independent Director
Book Cyber Crimes
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Category Archives: RBI
Banking License Aspirants Should Disclose Business Plans to Public
In India, Reserve Bank of India (RBI) is gearing itself to grant fresh Banking licenses. 26 applications are now under the consideration of RBI. The applicants include a diverse set of groups which includes a) A department of the Government of India … Continue reading
Will RBI disclose “Sanction Mechanism” to enforce sanctity of Banking license conditions?
The opening up of a licensing window for Private Banks in India which has attracted 26 applications has also raised a debate on whether the new licenses are beneficial to the economy. RBI intends to impose “Financial Inclusion” and “Priority … Continue reading
Posted in Bank, RBI
Tagged bank, financial inclusion, india, license, priority sector lending, RBI
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Not all Eligible applicants to get Bank License
Governor of RBI has clarified that out of the 26 applications received by RBI for new Banking license, not all otherwise eligible applicants will be granted the license. RBI has also clarified that it would take about 3-4 months for … Continue reading
Posted in Bank, RBI
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Android Vulnerability Exposed
A research firm in UK has found a vulnerability in the Android mobile software which can be used as a “Master Key” where by an intruder can take complete control of the phone. The bug could be exploited to let an … Continue reading
Posted in Cyber Crime, ITA 2008, RBI
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New Bank Licences-Make Cyber Crime Insurance Mandatory
The applications received by RBI for new Bank licenses and the possible political push for issue of licenses before the next elections have raised a serious concern in the market that undeserving companies with political connections may some how make … Continue reading
Posted in Bank, Cyber Crime, RBI
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“Deep Pockets” need not be the sole criteria for Bank licenses
A day after the announcements of the 2013 Banking license aspirants, debate has started on whether RBI will dilute its norms to favour any of the licencees either before or after the granting of the license. The statement of the … Continue reading
Posted in Bank, RBI
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