Search Results for: insurance

New Banking Licensees- Beware of IT Companies who want to trap you.

RBI has now invited applications for new banking license from private sector which has attracted 26 aspirants to make an application. Many of these are thinking of building their Banking empire on the edifice of technology. Already, Indian Banking system … Continue reading

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New Banking Licenses in India

The recent decision of RBI to  invite fresh applications for new Banking licenses have evoked response from 26 applicants. The undersigned who joined the Banking industry in 1973 and has been in working in the industry upto 1987 and later … Continue reading

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Should Indian Post be granted Banking license?..Do they need one?

The decision of Indian Postal Department to seek a Banking license from RBI through the Licensing Scheme meant for private sector has been an object of discussion since the announcement was made.  The application is a source of embarrassment to … Continue reading

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Will RBI disclose “Sanction Mechanism” to enforce sanctity of Banking license conditions?

The opening up of a licensing window for Private Banks in India which has attracted 26 applications has also raised a debate on whether the new licenses are beneficial to the economy. RBI intends to impose “Financial Inclusion” and “Priority … Continue reading

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Data Breach Report within 60 minutes

Reporting of Data Breach incidents has been one of the most contentious aspects of the HITECH Act provisions. The initial provisions on the data breach notifications were kept in abeyance for nearly 2 years predictably because the industry did not … Continue reading

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Data Breach Costs in India

A study by Symantec and Ponemon institute on “Cost of Data Breach Study: Global Analysis-2013” has provided some interesting insights into the efficacy of information security and consequences of data breach. The study covers data breach incidents which occurred in … Continue reading

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