While the aspects relating to physical security leave a lot to be desired with even the most basic security requirements not being in place (like access for unauthorised personnel even to sensitive Cash holding areas), the security features in the computer systems are not fully fool proof in some banks.
There are at present a number of security standards available for different financial applications; most of them are internationally accepted and part of the ISO standards. These international standards should be examined and adopted keeping in view the requirements of the Indian banking industry. Banks need to put in place measures which conform to there is policies and ensure the regular, periodical audit.