Category Archives: RBI
Banking Licenses and Public Sector aspirants
The list of 26 new Banking license aspirants provide an interesting contrast and a challenge to RBI to ensure that the long term Banking policies set by RBI will be adequately served by the right choice of licensees. Initially, it … Continue reading
New Banking License-Let’s Remember Gandhian Principles of Banking
Reserve Bank of India has released the list of 26 Banking license applicants who have sought licences under the new licenses to be released. The list of aspirants is as follows. 1. Aditya Birla Nuvo Ltd., Mumbai. 2. Bajaj Finserv … Continue reading
Cyber Crime Insurance getting attention
Naavi has been highlighting the need for Indian Banks to obtain Cyber Crime Insurance as suggested by RBI in 2001 and ensure that customers are spared from the phishing liabilities. However Banks have been generally reluctant under the ground that … Continue reading
Use of Aadhar for Cardholder authentication
It is reported that RBI is considering use of Aadhar as a second factor authentication for Credit Card transactions. Report in TOI here The cost of upgrading the card swipe mechanism at the merchants with a biometric capable instrument is … Continue reading
Safe E Banking- Some initiatives that calls for attention
Naavi has been following the developments in the Indian Banking scenario for the last 4 decades and has closely been associated with the industry as an employee of the Banking industry as well as a consultant and critique. In the … Continue reading
IT Security Summit 2013 held at Pune
The College of Agricultural Banking, Pune, a premier training institute for Bankers in India an arm of the Reserve Bank of India conducted a two day workshop on IT Security. Attended by over 40 CISOs of different Banks, the two … Continue reading