Search Results for: e banking

Kris Gopalakrishna clarifies the role of Data Governance Committee

We refer to our two earlier articles on the subject of “Data Governance Framework” and the new Expert Committee on Data Governance that has been announced. It was pointed out that the Srikrishna committee had spoken of the necessity of … Continue reading

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New Cyber Crime Act in the anvil?

Recently, Mr Amit Shah, the honourable Home Minister of India collected information from across the country on the amendments that are required to the law to effectively counter Cyber crimes. Information coming out of the ministry seems to suggest that … Continue reading

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FINTECH Steering Committee Report

On 5th March 2018, GOI constituted a Steering Committee on Fintech related issues which has now come up with its recommendations. It was comprised of Secretaries of different ministries and headed by the Secretary of Economic Affairs (DEA) , Mr Subhash … Continue reading

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Is TransUnion-CIBIL guilty of Accessing Critical Personal Data through surreptitious means?

Indian consumers of Credit Card services have been frequently expressing their dissatisfaction against the role of CIBIL as a credit rating agency. It is often accused of cheating the public by not providing the free credit report which they are … Continue reading

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IDBI Bank held liable in Phishing Case a-la Umashankar Vs ICICI Bank

The adjudication complaint of S Umashankar Vs ICICI Bank was a historic case in which the Adjudicator of Tamil Nadu, Mr PWC Davidar held that ICICI Bank is liable for negligence despite the phishing mail having been answered by the … Continue reading

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Is the Supreme Court aware… of the adverse impact of Bitcoins?

The Supreme Court is hearing a petition from the Crypto Currency industry players challenging the April 6, 2018 RBI Circular that disallowed entities regulated by it from providing banking channels to exchanges to trade in crypto currency. RBI has been … Continue reading

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