Naavi
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IICA Qualified Independent Director
Book Cyber Crimes
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Search Results for: bank
New Bank Licences-Make Cyber Crime Insurance Mandatory
The applications received by RBI for new Bank licenses and the possible political push for issue of licenses before the next elections have raised a serious concern in the market that undeserving companies with political connections may some how make … Continue reading
Posted in Bank, Cyber Crime, RBI
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“Deep Pockets” need not be the sole criteria for Bank licenses
A day after the announcements of the 2013 Banking license aspirants, debate has started on whether RBI will dilute its norms to favour any of the licencees either before or after the granting of the license. The statement of the … Continue reading
Posted in Bank, RBI
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Banking Licenses and Public Sector aspirants
The list of 26 new Banking license aspirants provide an interesting contrast and a challenge to RBI to ensure that the long term Banking policies set by RBI will be adequately served by the right choice of licensees. Initially, it … Continue reading
Posted in Bank, RBI
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New Banking License-Let’s Remember Gandhian Principles of Banking
Reserve Bank of India has released the list of 26 Banking license applicants who have sought licences under the new licenses to be released. The list of aspirants is as follows. 1. Aditya Birla Nuvo Ltd., Mumbai. 2. Bajaj Finserv … Continue reading
Posted in Bank, RBI, Uncategorized
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AXIS Bank admits liability for ATM Fraud in Mumbai
It is reported that Axis Bank has agreed to refund the losses suffered by its customers in Mumbai who had lost about Rs 37 lakhs through the ATM card cloning fraud. It is good that Axis Bank has decided to … Continue reading
Posted in ITA 2008
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Axis Bank will now has to eat its own words..
In the Adjudicator’s forum in Bangalore, Axis Bank has advanced a mischievous argument that Section 43 of ITA 2008 cannot be invoked by a Company. If this argument is given credence, no company can invoke any offences under Section 66 … Continue reading
Posted in Cyber Crime, Cyber Law, ITA 2008
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