Search Results for: bank

Government misleading Parliament on Bank fraud information

Posted on February 26, 2013 by Vijayashankar Na

The PIB press release of 22nd February 2013 has provided some data on Bank frauds. According to this press release the fraud information for the last three years were as follows. The Bankwise data is also available here According to … Continue reading →

Posted in Bank, Cyber Crime, RBI | 1 Comment

Banking frauds in India

Posted on February 26, 2013 by Vijayashankar Na

RBI has for the first time released some statistics of frauds in the Indian Banks. (Details here) : (Press Release) According to the figures released Cyber Frauds in 2012 were about Rs 52.7 crores as against Rs 40.5 cores in … Continue reading →

Posted in Bank, Cyber Crime | Leave a comment

ICICI Bank Credit Card fraud surfaces at Mysore

Posted on February 20, 2013 by Vijayashankar Na

A serious credit card fraud has been reported from Mysore where a holder of ICICI Bank credit card has found that nearly RS 1 lakh has been debited to his credit card account on account of an airline ticket purchase … Continue reading →

Posted in Bank, Cyber Crime, Netizen's Forum, RBI | 1 Comment

Cooperative banks need to gear up to Internet Banking

Posted on February 19, 2013 by Vijayashankar Na

The discussion paper on Disincentivisation of cheques issued by RBI has indicated a hard policy push towards use of E Banking in the form of Internet Banking and ATM. Many of the Cooperative Banks and Regional Rural Banks may not have … Continue reading →

Posted in Cyber Crime, Privacy, RBI | 1 Comment

Dear Senior Citizens, You are unwelcome at Banks..implies RBI

Posted on February 18, 2013 by Vijayashankar Na

The RBI discussion paper on “Disincentivisation of issuance and use of cheques” wants to impose penalties for using cheques in banking transactions as also for cash withdrawals and deposits. Instead it urges people to shift to Internet banking and ATMs. … Continue reading →

Posted in Bank, Cyber Crime, Cyber Law, RBI | 2 Comments

RBI set to rob Rs 10000 crores from Bank customers!

Posted on February 15, 2013 by Vijayashankar Na

The discussion paper on Disincentivisation of cheques issued by RBI envisages charging bank customer for every cheque book issued by the Bank, every cheque issued by the customer and every cheque deposited by the customer for clearing. This means that each … Continue reading →