Search Results for: bank fraud

Bitcoins are internationally exchangeable into foreign currency of different countries and to some extent even in India. Hence at a time when the Government may be trying to force foreign Governments to share information on Benami Bank accounts in foreign … Continue reading →

Recently UIDAI filed a criminal case against three entities namely Axis Bank, Suvidhaa Infoserve and e-Mudhra and temporarily barred them from using the Aadhaar authentication services. The allegation was, that these agencies had indulged in “Unauthorized Access” of the UIDAI … Continue reading →

Ever since the demonetization, the pace of technology adoption  in India by common people particularly for financial transactions, is on the increase. The UPI system supported by the multi banking platform such as the BHIM has brought digital payments within … Continue reading →

The recent news report that UIDAI has initiated investigation on three firms suspected to have violated the rules of aadhaar authentication by sending stored biometrics to UIDAI server for authentication. The firms involved are Axis Bank, Suvidha Infoserve and E … Continue reading →

This is a continuation of the discussions on the Watal Committee Report Encouraging increased use of electronic modes of transactions was one of the objectives pursued by the Watal Committee. In this direction the committee considered the transaction cost structure … Continue reading →

This is the continuation of our discussion on the Watal Committee report on digital payment system in India. It is not common for Committees set up by Government first of all to complete its work within the allocated time. Most … Continue reading →