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Digital Arrest: Supreme Court cracks whip on banks, asks them to compensate victims for cyber fraud

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Summary

SC says banks may have to compensate digital arrest victims for negligence, questions phone arrests, notes Rs 800 crore loss, asks RBI to frame refund rules under new KYC norms by Dec 31.

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    Digital Arrest: Supreme Court cracks whip on banks, asks them to compensate victims for cyber fraud

    SC says banks may have to compensate digital arrest victims for negligence, questions phone arrests, notes Rs 800 crore loss, asks RBI to frame refund rules under new KYC norms by Dec 31.