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Search Results for: insurance
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
Posted in Bank, RBI
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Promoting E Banking-Role of RBI
RBI in its recent annual report, has lamented that 90% of payments are estimated to be collected through Cash/Cheque despite its efforts to promote E Banking. (See this report in Business Line). RBI has stated that more than 3080 crore … Continue reading
Posted in Bank, Cyber Crime, Cyber Law, Netizen's Forum, RBI
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HIPAA-US$1.2 m damage for not sanitizing photocopier hard disk
A HITECH Act violation by a health plan in New York resulted in a potential data breach of 344,579 individuals has resulted in the HHS imposition of penalty of Rs $1,215,780 as a settlement. The breach occurred when the Plan … Continue reading
Posted in Cyber Law, HIPAA
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Cyber Crimes Increase all over India..except Karnataka
In a reply given in Loksabha, the MOS for Communications and IT Mr Milind Deora submitted that Cyber Crimes in India are on the increase. According to the minister, 16035 instances of attacks of various kinds were reported only on … Continue reading
Posted in Cyber Crime
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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
Posted in Bank, RBI
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New Bank Licenses, Eligibility Evaluation
We have discussed in general the issues that dominate the challenge before the RBI in determining who amongst the 26 Banking license applicants should be given the licenses. To start with, there are divergent views on how many licenses need … Continue reading
Posted in Cyber Law
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