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Banks seek centralised fraud reporting mechanism ahead of RBI compensation policy - The Economic Times
Banks have approached the Reserve Bank of India seeking clarity on customer eligibility, reporting timelines and liability-sharing under its compensation framework for victims of small-value fraudulent electronic transactions. The policy, set to take effect in January 2027, provides eligible customers compensation of up to ₹25,000, with RBI and banks sharing the cost.
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RBI digital fraud rules from January 1, 2027: Will you get 85% of your money back after an online scam? - RBI digital fraud compensation rules from January 1, 2027: What’s new? | The Economic Times
https://economictimes.indiatimes.com/wealth/save/rbi-digital-fraud-rules-from-january-1-2027-will-you-get-85-of-your-money-back-after-an-online-scam/slideshow/135350045.cmsSC calls for compensation to digital fraud victims if banks fail due diligence - The Economic Times
https://economictimes.indiatimes.com/news/india/sc-calls-for-compensation-to-digital-fraud-victims-if-banks-fail-due-diligence/articleshow/135306340.cms
Supreme Court Urges RBI To Make Banks Compensate Digital Arrest Fraud Victims
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https://economictimes.indiatimes.com/industry/banking/finance/banking/sc-cracks-down-on-banks-seeks-mandatory-payouts-to-cyber-fraud-victims/articleshow/135338935.cms
SC says banks must compensate victims of digital fraud in case of negligence - Rediff.com India News
https://www.rediff.com/news/report/sc-says-banks-must-compensate-victims-of-digital-fraud-in-case-of-negligence/20261029.htm