IT Act 2000 and Digital Signatures

PPB Security Considerations and Mitigation Measures in Banks Free JAIIB Capsule 28 views Updated 21 Sep 2026

Capsule FREE

PPB · Security Considerations and Mitigation Measures in Banks

The legal validity of electronic banking in India stems from specific legislation. Which major act recognizes electronic records and what does it establish for authentication?

Tap to flip and reveal the answer

Premium Content

This answer is available to premium members

28 views WhatsApp

The legal validity of electronic banking in India stems from specific legislation. Which major act recognizes electronic records and what does it establish for authentication?

The full answer is part of ClearShorts Premium

This capsule covers Principles & Practices of Banking, Security Considerations and Mitigation Measures in Banks. Members get the complete explanation plus every other premium capsule, mock test and PDF.

See membership plans

Comments (0)

Login to post a comment.

No comments yet. Start the discussion!

Related JAIIB PPB Capsules

When a customer opens a savings or current deposit account with a bank, what is the primary legal relationship established?

The Bank is the Debtor, and the Customer is the Creditor.

What is the banker-customer relationship when the bank grants a loan or advance to the customer?

The Bank is the Creditor, and the Customer is the Debtor.

What is the legal relationship between the bank and customer when valuables are deposited for safe custody?

The Bank is the Bailee, and the Customer is the Bailor.

In the Account Aggregator framework, who ultimately holds the power to initiate the transfer of financial information?

The customer. The transfer of information happens ONLY based on an explicit, digital, and revocable consent provided by the customer.

When a bank provides a safe deposit locker to a customer, what specific relationship is formed?

The Bank is the Lessor, and the Customer is the Lessee.

In a pledge transaction where goods are kept as security, what is the relationship between the bank and the borrower?

Bank is the Pawnee (Pledgee), Customer is the Pawner (Pledger).