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Frauds by RESERVE BANK in IDRBT HYderabad

This is a discussion on Frauds by RESERVE BANK in IDRBT HYderabad within the Banking forums, part of the Business & Finance category; IDRBT established by Reserve Bank of India perpetuated serious and illegal activities done NONE other than the CGMs of RBI ...

  1. #1
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    Default Frauds by RESERVE BANK in IDRBT HYderabad

    IDRBT established by Reserve Bank of India perpetuated serious and illegal activities done NONE other than the CGMs of RBI posted to IDRBT to carry out the frauds desired by few vested interests in RBI.
    Compaint with CVC dated June 2009 Not resolved.
    DGM of RBI was involved in Cyber Crime registered as no.10/2009
    CGM RBI accused and summoned to High Court of AP in contempt of Court CC34/2009-Now given prime posting as CGM Banking Supervision.-Key given to the biggest thief.
    DIRECTOR IDRBT was fined by CIC New Delhi Rs:25,000 for not complying with RTI act
    DGM Admin removed 32 permanent Telengana employees who were working for more than 8-10 years
    Did NOT release PF benefits to any of the contract employees.
    No action of any sort as all frauds supressed with brutal force by the Dy. Governor from Reserve Bank..

  2. #2
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    Default Is RESERVE BANK Immune to FRAUDS

    Quote Originally Posted by Unregistered View Post
    IDRBT established by Reserve Bank of India perpetuated serious and illegal activities done NONE other than the CGMs of RBI posted to IDRBT to carry out the frauds desired by few vested interests in RBI.
    Compaint with CVC dated June 2009 Not resolved.
    DGM of RBI was involved in Cyber Crime registered as no.10/2009
    CGM RBI accused and summoned to High Court of AP in contempt of Court CC34/2009-Now given prime posting as CGM Banking Supervision.-Key given to the biggest thief.
    DIRECTOR IDRBT was fined by CIC New Delhi Rs:25,000 for not complying with RTI act
    DGM Admin removed 32 permanent Telengana employees who were working for more than 8-10 years
    Did NOT release PF benefits to any of the contract employees.
    No action of any sort as all frauds supressed with brutal force by the Dy. Governor from Reserve Bank..
    I agree that RBI is full of DGMS and CGMS who have little or negligible Banking Operational Experience.
    Under the Regional Director of RBI Hyderabad more than a Million Forged Rs:500/1000 notes were sent as remittance to ICICI Bank.The RD known for his total in efficiency and appreciated for being faithful than any dog could NOT supervise the events leading to this fraud but after it was exposed in media, he lodged a police complaint in Saifabad Police Station and relegiously suspended a number of staff.
    He is now rewarded for his total inefficiency but for complete surrender to bosses-and posted him as CGM Banking Supervision to over see all the Banks in the Country.
    Can even GOD save the banks under his ineffecient supervision?
    Nag-The serpent

  3. #3
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    Default Reserve Banks FRAUD Not checked

    Quote Originally Posted by Unregistered View Post
    I agree that RBI is full of DGMS and CGMS who have little or negligible Banking Operational Experience.
    Under the Regional Director of RBI Hyderabad more than a Million Forged Rs:500/1000 notes were sent as remittance to ICICI Bank.The RD known for his total in efficiency and appreciated for being faithful than any dog could NOT supervise the events leading to this fraud but after it was exposed in media, he lodged a police complaint in Saifabad Police Station and relegiously suspended a number of staff.
    He is now rewarded for his total inefficiency but for complete surrender to bosses-and posted him as CGM Banking Supervision to over see all the Banks in the Country.
    Can even GOD save the banks under his ineffecient supervision?
    Nag-The serpent
    When the Govt of India established the most useful Switch the NFS for the benefit of the common man in India, TWO CGMs did NOT allow this project to grow and their DGM did NOT release the Rs:3.00 crore due to be paid to switch vendor company because the firm did not pay the bribe demanded by the RBI CGM.
    All complaints on the CGMs resulted in our loosing our obs.
    Chinnapa Reddy
    Ex Employee IDRBT

  4. #4
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    Default IDRBT Illegal activity

    The Original Vision of IDRBT established to Spear head Technology to Banks where-in since 1998 till 2006, from entreprise Networking, to PKI Enabled applications, provision of bank identifying codes, issuing thousands of Digital Certificates, Providing value added and High end Banking Technology applications thru its executive development programs, giving away awards to best banks, invitation lectures by Revered Persons like Dr. Rangarajan,Shri Bimal Jalan aere all given a go by.Since 2006, the Dy. Governors Chairing IDRBT, TWO CGMS Heading IDRBT, DGMs Administering IDRBT, all had vested interests to liquidate IDRBT and hatched sinister plans to slowly demoralise and dismiss all the efficient staff, stopped important ongoing Banking Projects, harassed VENDOR Companies for illegal grants and finally remained with only begging the banks to send trainees for IDRBTs survival.
    Had IDRBT remained in the Hands of its original Technology Experts and NOT entrusted to the CGM who is the promoted CLERK of yester years, IDRBT would not have faced this type of un-cermoneous closure of its profit making units one by one.
    My Complaint is why RBI and IDRBT are bent upon closing the important activities for which the Creator Dr. Rangarajan scripted the road map?????Any answers??

  5. #5
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    Default

    Quote Originally Posted by Devidhar Podhar View Post
    The Original Vision of IDRBT established to Spear head Technology to Banks where-in since 1998 till 2006, from entreprise Networking, to PKI Enabled applications, provision of bank identifying codes, issuing thousands of Digital Certificates, Providing value added and High end Banking Technology applications thru its executive development programs, giving away awards to best banks, invitation lectures by Revered Persons like Dr. Rangarajan,Shri Bimal Jalan aere all given a go by.Since 2006, the Dy. Governors Chairing IDRBT, TWO CGMS Heading IDRBT, DGMs Administering IDRBT, all had vested interests to liquidate IDRBT and hatched sinister plans to slowly demoralise and dismiss all the efficient staff, stopped important ongoing Banking Projects, harassed VENDOR Companies for illegal grants and finally remained with only begging the banks to send trainees for IDRBTs survival.
    Had IDRBT remained in the Hands of its original Technology Experts and NOT entrusted to the CGM who is the promoted CLERK of yester years, IDRBT would not have faced this type of un-cermoneous closure of its profit making units one by one.
    My Complaint is why RBI and IDRBT are bent upon closing the important activities for which the Creator Dr. Rangarajan scripted the road map?????Any answers??
    Why blame IDRBT??
    It is the sinister plan hatched in RBI Mumbai.
    As all of you know that CGMs and DGMs from RBI to IDRBT were under the impression that they are NOT answerable to any one.The ought to know that they would pay for their sins committed on the dedicated workers and sincere employees in IDRBT whom, after serving for ONE Decade, the RBI Admin. showed them the gate and illegally NOT paid any PF or Gratuity benefits.
    It is NOT known why the CVC which initiated the enquiry in BIG WAY in june 2009 is keeping silent on the out come and punishing the culprits is kept in abeyance.
    Simili-New Delhi

  6. #6
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    Default Idrbt

    Some one with ethics and honesty should immidietely regulate the affairs in IDRBT-WHY?the INSTITUTE, created by RBI, for Public Sector Banks, for Indian Customer Service lost its glory? To site few facts....
    1) WHAT HAPPENED to INFINET; the most robust safe and secure network connecting 2500 bank locations in more than 150 cities provided by IDRBT at very affordable cost?
    2) Why the CA Services which Issued the maximum number of digital certificates with more than 95% market share now stopped its activity and brought under the control, monitoring and supervision of the disgraced DGM from RBI known for his anti-employee and Illegal practices.
    3)What happened to SFMS/PDO-NDS NEFT, IFSC, MMS; Various applications which were exhaustively used by all banks for reporting to RBI and for inter-bank settlements
    4)Where is the NFS which was originally dumped as non-viable and un-economical Project by the TWO CGMs from RBI-Is t NOT now Providing inter bank ATM switching operations connected to more than 40 Banks and running 45,000 ATMs in INDIA but not owned or operated by IDRBT
    5)Where are the Sponsored Projects from Govt.of India and what happened to the Consultancy assignments from Banks which fetched CRORES of Rupees income to IDRBT and to the Staff.
    Why all the TECHNICALLY Excelled DIRECTORS were removed, Why CGMs from RBI wanted to have say in every matter, why no information about IDRBT required under RTI Act so far NOT displayed, WHY RBI ALWAYS COMES IN DEFENCE OF IDRBT's irregualrities.
    WHERE IS THE END TO ALL THIS TRAUMA???????

  7. #7
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    Default IDRBT Frauds at whose Cost and to Benefit whom??

    When the going in IDRBT Hyderabad was very excellent right from its inception in 1998 till 2006, under the dynamic and Technical Leadership of Academically qualified IT Experts as Director, as CGM, as Advisory Members, as Working Group, as HR Committee, then suddenly under whose Chairmanship, and by which Dy. Governor, the dilution of the quality of performance was initiated . Why all of a sudden the CGMs and DGMs from RBI, who were NOT wanted in any prime departments, mostly known for their inefficiency in various field and specially lack of knowledge in IT and IT applications with totally negative attitude towards the Staff and with negative approach in IT Applications and having Vested interests in dealing with Vendor Companies were posted all in one time with a "TIME BOUND" program of HIVING off all profit making and Revenue generating Projects, then humiliating the Academic and Research Staff, stopping their Abroad Assignments, then demoralising the Service Staff and in the process NOT even spared the DIRECTORS in office and the DGMS of Projects.Has any one got answers for this barbaric act of these CGMs and DGMs from RBI.
    This is the same Murgadas in IDRBT who exposed the CIRCUS Company attitude of the IDRBT way back in 2007 which proved to be correct even today.
    M.Das

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