PoliticsPhoto: The HinduSupreme Court mandates compensation for digital fraud victims from banks
The Supreme Court of India ruled on October 29, 2026, that banks must compensate victims of digital fraud if losses result from the banks' failure in due diligence. The court described cybercrime as digital dacoity and condemned organized cybercrime targeting senior citizens. The bench, led by Chief Justice Surya Kant, will review RBI's proposed KYC Amendment Directions, 2026, expected by November 30 and operational by December 31, ensuring compensation provisions for victims.
The Hindu··New Delhi




