Scamsters are once again using the RBI’s name in a fake e-mail, asking people for numerous personal details to register for a one-time password
Don't hesitate to delete an e-mail that ostensibly asks for your bank details to register your account with a one-time password (OTP). That's because it's very likely that it is a spam message from scamsters who are using the name of the Reserve Bank of India (RBI) to appear legitimate. In reality, the apex bank never asks for these details for the purpose of verification, by e-mail.
Many Internet users have mentioned they are receiving this e-mail message with the subject line, "Reserve Bank of India: OTP Registration For All Indian Bank Users", asking people to give their bank details for verification.
The message explains that this is part of a regular process to screen the activities of various accounts. It also states that certain restrictions have been put on your account after it was found to have issues for safe use. The messages states that in order to lift these restrictions, "we will require some further information from you to enable us register your account for OTP (one-time password)."
Receivers of the message are asked to furnish information such as credit/debit card number, transaction password, ATM PIN number, expiry date and other personal details like e-mail address and mobile phone number.
Experts point out that the neither the RBI nor any individual bank asks for the PIN number for account verification. It is only when the accountholder voluntarily opts for mobile or internet banking that one requires to enter a password or PIN number for the purpose of transaction.
According to the OTP activation procedure described in the message, once the necessary details are confirmed and verification is successful, a manual containing a PIN (number) and the process to activate it is sent by e-mail in a couple of weeks.
This is again strange, as all banks send the PIN number and necessary account details either by post or they ask the customer to collect it from the bank's branch personally.
Moneylife has reported earlier about a fake e-mail circulated, similarly using the RBI's name to offer unclaimed lottery funds. (Read, 'RBI offering unclaimed funds through lottery? Beware, scamsters are on the prowl again'.)
Clearly, this time too this is another fraud in progress again. So, if you receive such a message, delete it immediately.
To read some key points that will help you identify fake/fraud messages log on to websites like www.truthorfiction.com, www.fraudwatchers.org or www.scambaits.com that give special attention to this matter, to help potential victims and catch the scamsters.
The decline in credit offtake is on account of the RBI's monetary tightening policy. The apex bank has raised its key policy rates 11 times since March 2010 in a bid to tame inflation, which is currently above 9%
Mumbai: Hit by high interest rates, growth in commercial credit offtake from banks by major sectors slowed to 18.9% in July 2011, from 20% in the same month last year, reports PTI.
While the farm sector and industry reported lower credit offtake in July 2011, vis-à-vis the same month of 2010, year-on-year growth was higher in case of services and personal loans, as per the latest data released by the Reserve Bank of India (RBI).
Total outstanding non-food or commercial credit disbursement stood at Rs37.28 lakh crore in July this year, up from Rs31.35 lakh crore in the same month of the previous fiscal.
Commercial credit offtake of all the sectors combined was Rs26.13 lakh crore in July 2009.
"On a year-on-year basis, non-food gross bank credit increased by 18.9% in July 2011, as compared with 20% in the corresponding period of last year," the RBI said.
The RBI had last month revised its non-food credit growth projection for this fiscal downward to 18% from the earlier estimate of 19%.
The decline in credit offtake is on account of the RBI's monetary tightening policy. The apex bank has raised its key policy rates 11 times since March 2010 in a bid to tame inflation, which is currently above 9%.
Gross bank credit, which also includes food credit, grew by 19.1% in July on an annual basis, as against a growth of 19.8% in the same month of 2010.
This is on account of a massive 31.9% jump in food credit offtake during the month under review, as against a mere 9.2% growth in July last year.
Food credit offtake stood at Rs67,461 crore in July this year, compared to Rs51,281 crore in July last year. Food credit offtake had stood at Rs46,971 crore in June, 2009.
Last fiscal, non-food credit offtake increased by 21.5%, much above the RBI's projection of 20%.
As per the latest data, total credit disbursement to agriculture and allied areas grew by only 11.8% in July 2011, as against a growth of 19.9% in the same month of 2010.
It was Rs4.43 lakh crore in July 2011, compared to Rs3.96 lakh crore in July last year. In July 2009, it stood a Rs3.30 lakh crore.
"Credit to industry increased by 21.2% (year-on- year) in July 2011, as compared with 27.7% in the previous year...," the RBI said.
On an annual basis, total credit disbursement to industry-which includes infrastructure, metals, food processing, rubber, plastic and their products and engineering-was Rs16.79 lakh crore in July, compared to Rs13.85 lakh crore in the same month last year. It stood at Rs10.84 lakh crore in July 2009.
However, there was a moderate increase in the rate of growth of credit offtake from banks by the services sector.
"Credit to the services sector increased by 21.3% (year-on-year) in July 2011, up from 17.4% in the previous year," the RBI said.
The sector saw bank credit offtake rise to Rs9.06 lakh crore in July this year from Rs7.47 lakh crore in the corresponding month last year. In July 2009, the figure was Rs6.36 lakh crore.
Within services, while segments like transport, computer software, tourism and wholesale trade witnessed slower growth in the offtake of credit during the month, disbursements to non-banking financial companies saw a big jump.
"Credit growth to NBFCs at 55.6% on a year-on- year basis in July 2011, was significantly higher than that of 10.9% growth during the corresponding period of the previous year," the apex bank said.
Bank credit disbursement to the NBFC segment stood at Rs1.73 lakh crore in July this year, as against Rs1.11 lakh crore in the same month last year. Credit disbursement to NBFCs stood at Rs10.03 lakh crore in July 2009.
Credit extended to the personal loans sector also went up by 15.4% during July 2011, compared to a growth of 8% during the same month a year ago.
During the month under review, total credit offtake by the sector stood at Rs6.98 lakh crore, as against Rs6.05 lakh crore in July 2010. In July 2009, the sector had availed credit to the extent of Rs5.60 lakh crore.
The study conducted by CyberMedia Research pointed out that with nearly 10 million unit sales in 2010, the combined installed base of desktop and notebook personal computers in India is estimated to have crossed 52 million units as of 31 December 2010
Bangalore: The India personal computer (PC) market is expected to see sales of 11.15 million units in the 2011 calendar year, reports PTI.
According to market research, consulting and advisory services firm CyberMedia Research, sales are expected to accelerate further by 14% to 12.71 million units in 2012.
The study pointed out that with nearly 10 million unit sales in 2010, the combined installed base of desktop and notebook personal computers in India is estimated to have crossed 52 million units as of 31 December 2010.
The current installed base of personal computers translates into one computer for every 25 Indians, doubling the per capita PC availability in just four years. At the end of 2006, there was approximately one computer for every 50 Indians.
The first tablet computer was launched in India in November 2010. Since then, the market has seen a slew of launches by both MNC and Indian players.
While models like Cisco's Cius and RIM's Blackberry Playbook tablets are focused on the enterprise user segment, the Samsung Galaxy Tab and Reliance 3G Tab manufactured by Chinese telecom manufacturer ZTE are focused on the consumer segment.
The firm expects tablets to become the new battleground as major MNCs and Indian vendors and operators race to capture a share of this emerging market.
The first half of 2011 witnessed subdued sales in the Indian PC market on account of lower offtake by the government, public and private sector. Lower consumer demand also added to the slack sales.
This situation is expected to correct itself in the July-September 2011 quarter as strong demand from the education sector is usually witnessed at the commencement of the new academic session.
Consumer buying is also expected to be higher in the July-December period of 2011 on account of festive season buying.
Domestic demand in the large and small and medium business (SMB) enterprise segments is expected to remain healthy as well.
However, a 'wait-and-watch' buying sentiment may continue in the corporate sector due to the ongoing uncertain economic environment in the US, Europe and Japan.
The other major development with a likely impact on companies' shares of the PC market was HP's announcement on 18-19 August that it was spinning off its PC business, the study added.