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Tag (archive title) banks

How does linking your Aadhaar to your bank account destroy the banking system?

benami money laundering aadhaar bank account

Linking Aadhaar to bank accounts is a recipe for creating benami[2] bank accounts and scaling benami bank transactions. It threatens to destroy your bank accounts and destroy the country’s banking system. It’s devastating that the integrity of banking processes is being destroyed by dividing, outsourcing and privatising processes integral to core banking so that they become the responsibility of no one.

HDFC Bank: Abuse of Customer Trust & Fiduciary Relationship

 October, 2016: Imagine you are having a gynaec examination. With his rubber-gloved fingers inside you, the gynaec starts a casual chat about why you should buy his home-grown brand of condoms and intimate products. Creepy? Yeah, well, but that’s how HDFC Bank and other private-sector banks work. Actually, HDFC Bank is like if your gynaec …

RNA Exotica: Nine ways buyers got screwed Royally !!!!!!!!!!!

Mumbai, 30 June 2016: Hundreds of savvy and well-educated flat buyers have purchased “luxurious” flats in RNA Exotica without noticing what their sale-purchase agreements clearly says: that RNA Exotica is actually a large and shabby slum rehabilitation scheme with a tiny island of rich flat-buyers. The rich people’s housing project is married and tied to …

A Digital India with no interest in fixing serious security flaws

MyGov.in profile at HackerOne

The government of India doesn’t seem to be interested in getting security vulnerabilities fixed. A CS engineer, Bhavyanshu Parasher, has been spending his time understanding the current security standards deployed by the government of India in most of its data-critical apps and websites. Last year, in September, he disclosed a security flaw in Prime Minster …