Search Results for: cheque

Promoting E Banking-Role of RBI

RBI in its recent annual report, has lamented that 90% of payments are estimated to be collected through Cash/Cheque despite its efforts to promote E Banking. (See this report in Business Line). RBI has stated that more than 3080 crore … Continue reading

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Should Indian Post be granted Banking license?..Do they need one?

The decision of Indian Postal Department to seek a Banking license from RBI through the Licensing Scheme meant for private sector has been an object of discussion since the announcement was made.  The application is a source of embarrassment to … Continue reading

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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

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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

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RBI issues new guidelines for E Banking security

Naavi.org has been pointing out that RBI appears to have a dual character when it comes to policy implementation. There are one set of executives probably closer to retirement but occupying the top echelons of RBI who are still oriented … Continue reading

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Who is trying to hide Cyber Fraud scam in Indian Banks?

It has been pointed out that the answer given by the Government on the status of Bank frauds in India does not appear to contain correct information. It was pointed out that the figure of frauds for 2009 quoted in … Continue reading

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