Search Results for: adjudicator

Cyber Criminals Rejoice in Karnataka

It is a black day in the State of Karnataka. For some time now, Cyber Criminals in Karnataka can rejoice that no case can be booked against them under ITA 2008 for hacking of a Bank or any Company systems. … Continue reading

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Drawing Attention of Media on this Karnataka High Court hearing

On 27th May 2013, an interesting writ petition is coming up before the Karnataka High Court (WP 21049/2013 at Court Hall No 9, #54). This petition has been filed by Axis Bank Ltd against the Adjudicator of Karnataka as the first respondent and Gujarat Petrosynthese Ltd as … Continue reading

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Punjab National Bank Customers at Special Risk

A client of Punjab National Bank in Chennai has reported that the Bank has suspended sending of SMS alerts for Internet Banking transactions as is required under RBI guidelines. The reason is reported to be some malfunctioning of some software. … Continue reading

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Bank alone should be liable on RTGS and Phishing Frauds

I refer to an article in Business Standard today titled “Cyber frauds: Experts blame banks; banks find faults with clients”. One of the views expressed by a Banker is quoted as follows: “Earlier when internet banking was started, we thought … Continue reading

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Yes Bank blames RPG group

According to this Article in ET today, Yes Bank has started blaming RPG Life Sciences for the Rs 2.41 crore fraud that has been reported to have been committed a few days back. Naavi.org has discussed several times the issue of the … Continue reading

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Companies should shun RTGS accounts

The recent fraud in Mumbai where Rs 2.41 crore was siphoned off from RPG group’s account through RTGS is a repetition of many such frauds which are happening on a regular basis in India. While we continue to debate that Banks are … Continue reading

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