Naavi
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IICA Qualified Independent Director
Book Cyber Crimes
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Search Results for: bank
IT Companies vie for business from New Banks
Even before the decision on which of the 26 applicants will get Banking license, Infosys, TCS and Oracle are vieing with each other for supply of Core Banking software to the new Banks. It is estimated that each Bank will … Continue reading
Posted in Bank, RBI
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22 Banks Fined for KYC Failure
22 Banks have been fined by RBI for KYC failures. The fines range from Rs 0.50 lakhs in the case of Ratnakar Bank to rs 3.002 crores in the case of IOB. Most other Banks have been fined between 2.50 … Continue reading
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RBI Faces first challenge in Bank licensing on Aditya Birla Group and Conflict of interest
When the Chairman of a Group which applies for Banking license happens to be a Director of RBI for the last 6 years and continues to be so while the license application is being processed, do we need a second … Continue reading
Posted in Bank, RBI
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Naavi’s proposition on Sanctions on Banks is reflected also in the EU guidelines
“Mandatory Sanctions” as a part of the Information Security policy has been advocated by HIPAA way back in 1996 and is being increasingly accepted as a necessary part of a good Information Security policy. The theory of Information Security Motivation advocated … Continue reading
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New Banking Licensees- Beware of IT Companies who want to trap you.
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
The Thief who stole Rs 286 crores from Banks coming to India
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
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