In its order, the commission held SBI liable for the loss caused to the complainants while also allowing the bank to recover the lost amount from the salaries of the staff responsible. A sexagenarian couple won a case against the State Bank of India (SBI) in the Gondia District Consumer Disputes Redressal Commission setting a precedent granting civil remedies for victims of unauthorised banking transactions even if the police investigation is not complete. The consumer commission, in its order dated August 10, 2021, directed SBI’s Gondia branch to undo the contested transaction of Rs 18.36 lakh into the couple’s account. Online scams and ATM frauds constitute a major chunk of cyber crimes as digital banking makes swift inroads in our lives. The Parliament in February this year said that over 2.9 lakh cyber security incidents related to digital banking were reported…
- India’s IT Rules: Controversial social media grievance committee proposal to go ahead September 27, 2022
- ‘Absolutist’ GDPR-like Data Protection Approach Not For India: Rajeev Chandrashekhar September 27, 2022
- Indian government blocks 45 videos and 11 channels on YouTube for ‘disrupting public order’ September 27, 2022
- Indian Telecommunication Bill, 2022: Understanding the bill’s impact on TRAI September 27, 2022
- Indian government did not follow Procedure While Issuing Blocking Directions: Twitter to Karnataka HC September 26, 2022
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