Central Banking

India banks non-compliant with RBI for net banking

INDIA - None of the banks in the country which offer internet banking facilities today has an IT security policy as stipulated by the Reserve Bank of India.RBI had issued guidelines on Internet Banking about two months ago. While banks have been asked to file monthly reports to show compliance to the guidelines, most of them have sought time to satisfy the security policy criterion.At present, ICICI, HDFC and Citibank are among the prominent banks that offer Net banking. The RBI is insisting

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