Tracker active IND Financial Fraud and Banking
Supreme Court and bank liability for digital arrest fraud
The bench asked the RBI to notify revised KYC directions by November 30 and said banks must indemnify victims for at least the amount lost where their due diligence failed.
1 entry
30 Oct 2026 first covered
30 Oct 2026 last update
Timeline
newest first- 30 Oct 2026 Latest
India's Supreme Court Says RBI Rules Must Make Banks Compensate Digital Arrest Victims When Due Diligence Fails
The bench asked the RBI to notify revised KYC directions by November 30 and said banks must indemnify victims for at least the amount lost where their due diligence failed.