SC: Banks Must Compensate Digital Fraud Victims
The Supreme Court has said banks should act as a protective umbrella for customers and must compensate people who lose money to digital fraud. The remark suggests banks may be held responsible when customers are cheated online. For ordinary account holders, this touches their savings directly.
ContextContext: Online scams such as fake payment links and phishing calls are common in India, and victims often struggle to get lost money back. The Reserve Bank of India already has rules on customer liability for unauthorised digital transactions, so this view adds pressure on banks.
Read at Times of India: India
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