There are many problems from which the online
banking or Internet banking in India is suffering. The most important
pertains to maintaining effective cyber
security for banking and financial sectors of India.
Similarly, there are no effective Internet
banking laws in India or online banking laws in India. In
the absence of stringent laws in this regard, online
banking risks in India are increasing. However, of all the
shortcomings, nothing can match the absence of encryption
laws and standards in India. In the absence of proper
encryption norms in India, e-banking in India is really insecure.
See Cjnews India for more.
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