Professional Documents
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New RBI Guidelines On E Banking Security
New RBI Guidelines On E Banking Security
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Post written by Vijayashankar Na at March 1, 2013 11:02 am
Though the circular uses the word may while referring to these suggestions, it mentions at the end that all these suggestionsare Expectedto be put in placeby banksby June30, 2013. Naavi.org is happy that our long fight for better security in E Banking is bearing fruit. Now we need to watch if Banks actually implement these suggestions and whether RBI will enforce its dictum. In the past, Banks have simply ignored RBI guidelines and faced adverse comments in inspections as a matter of routine. RBI is also aware of such tendencies in some Banks. Hopefully this time RBI will use its powers to enforce compliance. Public are with RBI if they take strong measures to protect E Banking.
Once again, I personally and Naavi.org as a representative of public congratulate RBI on its initiative in issuing this circular.
Reserve Bank of India $%&"': (rans!arency "nternationa)*s +)oba) Corr !tion %e!ort 200, states that the "n-ian Centra) &ank ! b)ishe- . i-e)ines in 200/, takin. serio s note o0 com!)aints recei#e- a.ainst reco#ery a.ents 0or ab si#e !ractices an- #io)ation o0 . i-e)ines1 (his initiati#e by the %&" aims at ens rin. that banks re0rain 0rom hirin. -isre! tab)e !eo!)e to reco#er -ebts an- to !re#ent ma)!ractice in the o00erin. an- mana.ement o0 )oans by banks1 (he . i-e)ines inc) -e !ro#isions 0or the recor-in. o0 ca))s ma-e by reco#ery a.ents to c stomers an- #ice #ersa, !)acin. an !-ate- )ist o0 reco#ery a.ents on the bank*s website, !erio-ic #eri0ication o0 antece-ents o0 em!)oyees o0 reco#ery a.ents, which may inc) -e #eri0ication thro .h !o)ice, an- a--itiona) con-itions 0or re!ossession o0 assets1 (o achie#e this, it has threatene- errin. banks with a ban on en.a.in. reco#ery a.ents in a !artic )ar area, either j ris-ictiona) or 0 nctiona), 0or a )imite- !erio-1
Sept 192013
Fake Indian currencies have taken a toll in our country and have been creating a huge problem in the recent years. Even though in our busy schedule e tend to transact our money through cards or online! but it is important "or all o" us to identi"y "ake currency! especially hen the transaction is related to higher denomination. It is highly important "or consumers to get educated in distinguishing "orged currency notes and there"ore one needs to get "amiliar ith the real Indian currency. In the year 2010#2011 the $eserve bank o" India has stated that there are about %&!'(( appro)imate notes in the market. *nd the shocking ne s is that most o" the "orged notes are "ound in *+, machine hen the transaction is done! particularly "or I-$ '00 and 1000. +he toll has increased in 2012 #2013 "ake notes on 1000 I-$ notes. +he annual reports say that there are 9.!&'9 "orged notes o" 1000 I-$ detected in the present year than compared to previous years. +he number ould decrease i" more people get a are o" this situation. ith the rise in
numbers on a note. 4hen clicking on those numbers! people can get to kno
notes in more details. In "act! consumers can do nload posters o" this currency as their re"erence. 5ocumentary "ilms are also uploaded on the ebsite "or better understanding. +hese "ilms can be do nloaded in various languages "or clearer vie s. Fre6uently asked section can also clear your 6ueries.
reporting about "ake currency at their o""ice. I" by chance it is not reported it ill be taken into consideration as involvement o" bank in this matter. +he "orged notes should be kept separately ith proper "orged note stamp. /ank should also monitor the pattern o" such case and report to the police authority. *part "rom $/I! banks use to report the same at Financial Intelligence Unit. $/I ebsite 12ehchano 2aise 7i /oli! 7yunki 2aisa /olta 8ai3 ill surely help in reducing such "ake note currency.