Search Results for: bank fraud

Loans Through SMS-Fraud Site Confirmed?

Posted on June 11, 2014 by Vijayashankar Na

Naavi.org had brought to the notice of the public a website http://www.cgtmse-govt.in/ through its article https://www.naavi.org/wp/?p=1728. We had remarked as follows: “There is an interesting website on the cyber space which promises all kinds of loans for which application can be made … Continue reading →

Posted in ITA 2008 | 2 Comments

More Credit Card frauds in store

Posted on December 19, 2013 by Vijayashankar Na

Recently a fraud of Rs 63 lakhs involving  gross negligence by Bank employees not ruling out their involvement. It is said that the Bank believed that the customer had a sore throat and executed large transactions including closing of FDs … Continue reading →

Posted in Bank, Cyber Crime | Leave a comment

Is virtual currency popularity built on Banking inefficiency?

Posted on November 28, 2013 by Vijayashankar Na

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 →

Posted in bitcoin, Cyber Law | Leave a comment

Promoting E Banking-Role of RBI

Posted on August 24, 2013 by Vijayashankar Na

RBI in its recent annual report, has lamented that 90% of payments are estimated to be collected through Cash/Cheque despite its efforts to promote E Banking. (See this report in Business Line). RBI has stated that more than 3080 crore … Continue reading →

Posted in Bank, Cyber Crime, Cyber Law, Netizen's Forum, RBI | Leave a comment

New Banking Licensees- Beware of IT Companies who want to trap you.

Posted on July 9, 2013 by Vijayashankar Na

RBI has now invited applications for new banking license from private sector which has attracted 26 aspirants to make an application. Many of these are thinking of building their Banking empire on the edifice of technology. Already, Indian Banking system … Continue reading →

Posted in Bank, Cyber Crime, RBI | Tagged , , , , , , , | 1 Comment

The Thief who stole Rs 286 crores from Banks coming to India

Posted on July 9, 2013 by Vijayashankar Na

Recently all across Europe, the “Euro Grabber” stealthily stole around 36 million euro (Rs 286 crores) from Bank customers. These were all customers who thought that a) Their money in the Bank was safe. b) Internet Banking was a great … Continue reading →

Posted in Bank, Cyber Law, RBI | Leave a comment