Search Results for: e banking

“Zero Liability for E Banking”… Let there be competitive compliance drive.. to join the Hall of Fame

A Bold Initiative by RBI Just as our PM Mr Modi bit the bullet by demonetizing the Rs 500/1000 notes despite the stiff resistance from many, RBI has bit the bullet in issuing the Zero Liability guideline on E Banking … Continue reading

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Naavi on Responsibility of Bankers for E Banking Frauds

Cyber Society of India (CySi), Chennai of which Naavi is the founder secretary, conducted a one day workshop on Cyber Crimes on August 6, 2016. Naavi spoke on the Role and Responsibility of Bankers  covering the legal implications under ITA 2008 … Continue reading

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E Banking Dispute Resolution Center to be activated

Naavi has been maintaining several information oriented websites and certain online services all of which are parts of resolving online disputes. For example, Naavi.org provides information on Cyber law, Cyber Crimes etc and creates awareness for the consumers about their … Continue reading

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RBI has opened the doors for Cyber Insurance for E Banking Frauds

If the recent circular of RBI on limited liability for Customers in E Banking frauds becomes a reality, it would simultaneously open the doors for the Cyber Insurance Industry to offer products for Cyber Insurance to individual Bank customers. The … Continue reading

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The trinity of E Banking Security.. How will they coordinate their activities?

Over the years, RBI has grown in multiple directions and the management of its responsibilities is getting increasingly complicated. The media is obsessed with the monetary policy related functioning of the RBI such as the management of interest rates and … Continue reading

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Cheque In Electronic Form, redefined, Implications on E Banking

Section 6 of the Negotiable Instruments Act 1881 defined the term “Cheque” as follows: A “cheque” is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand. This section was amended … Continue reading

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