Search Results for: bank
Yet another Bank Fraud.. What will RBI say?
Bank frauds have been so common in India that it hardly surprises any body when a new fraud is reported. The Banks are after technology in a hurry and RBI has either no clue to the risks or is just … Continue reading
Syndicate Bank loses Rs 1.13 crores of customer’s money
In a repeat of a common cyber crime which have earlier been reported in the case of Exporters and Importers, an NRI customer of Syndicate Bank in Manipal has reportedly lost Rs 1.13 crores. It appears funny that the Bank … Continue reading
Will Axis Bank Explain?
Naavi.org recently was informed of a bizarre instance involving Axis bank and ATM transactions. This incident is a matter of serious concern to all Axis Bank customers and hence we would like to bring this to the notice of all … Continue reading
Technology used to strangle Bank Customers
Reserve Bank of India is slowly losing focus on customer service aspects of Banking service. Acceding to a request from the Indian Bank’s association, RBI has imposed an ATM transaction limits of 3 withdrawals per month after which the customer … Continue reading
New Small Tech dominant Banks to be licensed
RBI has issued a new set of guidelines for licensing small Payment Banks. The essence of the new rules is that it will open the doors for Telecom operators, Super Market Chains, and NBFCs to enter Banking in a limited … Continue reading
BPO employees arrested in Chennai for Bank fraud
Two BPO employees accused of having swindled an UK Bank of £ 30000/- were arrested in Chennai after necessary investigations. D Ezhil Maran, 29, and S Ragava Giri, 28 worked as system engineers at Atos, a business process outsourcing (BPO) … Continue reading