Greetings, Surprised that this thread got resurrected after more than a quarter (I mean three months).
On Wed, Mar 5, 2014 at 4:50 AM, Madan U Sreenivasan <[email protected]> wrote: > > Is there some kind of insurance against losses that incur from new > technology adoption? Does that cover linux? > Recently I had pointed out an instance where my passbook balance had shrunk by 5000 after I withdrew 600. The Branch manager had no clue whom to contact. eventually they got sorted it though. basically it was not printing few lines. Linux may be found in some of the core DB Backends. But smaller banks heavily rely on Windows. > Turning the question around - are the banks insured against losses arising > from bugs/malfunction of their software? Actually many banks have no clue regarding program / data insurance. They leave it to their vendors. > Or is it a risk vs reward balance > for them in adopting new technology? > Mostly, yes. Anyways, RBI is evelving many best practices guides in this regards. In any case I am not in touch with this topic for over 11 months or so. (The report was submitted last Holi) -- Regards, Rajagopal _______________________________________________ ILUGC Mailing List: http://www.ae.iitm.ac.in/mailman/listinfo/ilugc ILUGC Mailing List Guidelines: http://ilugc.in/mailinglist-guidelines
