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IICA Qualified Independent Director
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Message sent to RBI through the website of RBI
I refer to the discussion paper on “Disincentivisation of the issue and usage of cheques” by RBI through the Payment and Settlement Department on January 31, 2013 for which public are expected to send their response. The matter is of … Continue reading
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UK dropped Cheque stoppage proposal after public outcry..Why India should not?
We refer to the unwise move of Reserve Bank of India to “disincentivise” the use of cheques in India. RBI has released a discussion paper in this regard and invited public comments before February 28, 2013. (comments may be submitted … Continue reading
Posted in Bank, RBI
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Message sent to Payment and Settlement Department RBI through the website
The payment settlement department has authored the E Banking promotion policy reflected in the discussion paper on disincentivisation of cheque usage. I would like to state that this is a promotion of commercial banking business rather than technology enablement and … Continue reading
Posted in RBI
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RBI has been taken over by hawks
RBI has traditionally been known as consumer friendly. Top executives of RBI have always upheld the interest of common man in devising their policies. This was seen through out the days when technology made inroads to Banking. The SR Mittal … Continue reading
Posted in Bank, RBI
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Why RBI is wrong
The RBI discussion paper on disincentivisation of the use of cheques is very disturbing. The objective of the discussion paper is to get public response on the points raised in the discussion paper or rather get a public endorsement on the … Continue reading
Posted in RBI
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RBI is recommending unreasonable and Usurious charges for customers
I draw the attention of the Governor of RBI to the latest discussion paper released by RBI for disincentivising the use of cheques. If we go through some of the suggestions it appears that RBI has simply gone crazy. It … Continue reading
Posted in Bank, Cyber Crime, ITA 2008
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