Search Results for: bank

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

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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

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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

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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

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No bank has proper Information Security Guidelines

An RTI query filed by Nagpur based NGO Cyber Awareness Organization (CAO) recently revealed that none of the banks in the country had drafted information security guidelines which are mandatory as per RBI’s guideline on electronic banking.  Speaking to the … Continue reading

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Electronic Frauds in Banks.. New guidelines to benefit Customers

The year 2014 has started with some good news for Bank fraud vicitms. According to today’s Economic Times, it is stated that the new code released by the Banking Codes and Standards Board of India (BCSBI) states that “Customers will … Continue reading

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