Naavi
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IICA Qualified Independent Director
Book Cyber Crimes
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Search Results for: e banking
Bitcoin ATM registers $1 million transaction in a month
World’s first Bitcoin ATM in operation in Vancouver is said to have clocked transactions of US$ 1 million in a month. The ATM converts cash into Bitcoins and also pays out cash in physical currency against withdrawals of Bitcoins. The … Continue reading
Posted in bitcoin, Cyber Law
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Differentiated Licensing for new Banks open up better prospects.. for litigation?
After RBI received 26 applications for Bank licenses, discussions have been going on on whether it is desirable to issue a large number of licenses or restrict it to a few. Many corporates who perhaps were the favourites of the … 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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RBI Faces first challenge in Bank licensing on Aditya Birla Group and Conflict of interest
When the Chairman of a Group which applies for Banking license happens to be a Director of RBI for the last 6 years and continues to be so while the license application is being processed, do we need a second … Continue reading
Posted in Bank, RBI
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Naavi’s proposition on Sanctions on Banks is reflected also in the EU guidelines
“Mandatory Sanctions” as a part of the Information Security policy has been advocated by HIPAA way back in 1996 and is being increasingly accepted as a necessary part of a good Information Security policy. The theory of Information Security Motivation advocated … Continue reading
Posted in Bank, RBI
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Which of the 26 applicants deserve Bank license?
As the debate on the choice of probable licensees hots up, here is an interesting debate in moneycontrol.com between three experts See Copy of the Detailed debate here The three experts who have expressed their views are R Jagannathan, the Editor … Continue reading