Search Results for: bank

Quick Action By Police Recovers Bank fraud proceeds

Quick action by Police in Ahmedabad helped a Bank customer recover Rs 18 lakhs lost out of a phishing attack. Refer Article in TOI The incident highlights how quick action by Police and the Bank can reduce/eliminate the losses in … Continue reading

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RBI mandates Bank liability for POS frauds

RBI had announced certain risk mitigation measures for Card Present transactions vide 22nd Sept 2011. Under this circular, it had been mandated that Banks should implement commercial readiness of acquiring infrastructure to support PIN based POS systems before June 30, … Continue reading

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Facebook Banking application from ICICI Bank

The ICICI Bank application on Face Book that facilitates money transfers to “Friends” is reported to have the following functionality. The application is called “Pockets” -Split & Share that allows customers to split and track expenses and share them with … Continue reading

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Discussion Paper on Future Banking Structure in India

RBI had released a discussion paper on the Indian Banking Structure-Future Way Ahead. Comments can be sent upto October 31 2013. Copy of the discussion paper is available here The discussion paper has many points of debate such as Small … Continue reading

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RBI may very well disclose its favourite Bank Licensee

In a series of changes announced by RBI on the criteria for selecting Bank licensees, one more statement has come out today stating that “RBI may dilute the initial Capital Requirement to accommodate more licenses”. Report Coming after addition of … Continue reading

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Can we believe that RBI inadvertently missed a Banking license applicant?

In what appears to be a big joke, it is reported that RBI inadvertently missed announcing the name of the Chandigarh based “KC Land &Finance” as one of the applicants to Banking license which it announced with fanfare on July … Continue reading

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