Search Results for: bank
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
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
US $1.4 trillion Indian Black money is in Swiss Banks..without the assistance of Bitcoins
According to wikipedia, the total black money of Indians in the Swiss Banks is around US $ 1.2 Trillion. Seen in this context, the Enforcement Directorate accusing the Bitcoin system as a tool of hawala appears a joke. At present … Continue reading
Banks Refuse to comply with RBI instructions on Aadhar
While the Government is doing its best to push Aadhar usage despite lack of proper legal backing, Bankers now seems to be unhappy with the forcing of Aadhar on their Card and ATM transactions as suggested by RBI. See report … Continue reading
Tata Sons withdraws Application for Banking license
In a decision that looks surprising to many, Tatasons has withdrawn its application for Banking license. Refer story This is the second group after Videocon to have withdrawn its application. It would be interesting to observe the impact of the … Continue reading
Is virtual currency popularity built on Banking inefficiency?
The exploding popularity of Bitcoins and other crypto currency is a matter of concern and intrigue for all economists. One of the USPs of the Bitcoins for example is the ability to move it from one holder to another holder … Continue reading