Search Results for: e banking

RBI sets up a panel of 5 persons to screen Bank license applications

It is reported that RBI has zeroed in on a panel of 5 eminent members to screen the Banking license applications and provide necessary guidance to the RBI Governor for suitable decision. Though not confirmed, it is expected that the … Continue reading

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IDRBT sets up Information Assurance Center

According to a report in Hindu-Business Line, the Governor of RBI inaugurated a Centre for Information Assurance and Management (CIAM) in association with the State University of New York at Buffalo. The CIAM is expected to  function as a “one-stop” resource … Continue reading

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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

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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

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Not all Eligible applicants to get Bank License

Governor of RBI has clarified that out of the 26 applications received by RBI for new Banking license, not all otherwise eligible applicants will be granted the license.  RBI has also clarified that it would take about 3-4 months for … Continue reading

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Android Vulnerability Exposed

A research firm in UK has found a vulnerability in the Android mobile software which can be used as a “Master Key” where by an intruder can take complete control of the phone. The bug could be exploited to let an … Continue reading

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