PoliticsPhoto: News18Supreme Court Questions Banks on Preventing Digital Fraud Transactions
The Supreme Court questioned banks' responsibility in protecting customers from cyber fraud, especially when victims are coerced into transferring large sums by fraudsters posing as officials. The court emphasized that banks must have systems to detect and stop suspicious transactions, not just act after fraud occurs. The bench is reviewing RBI's proposed KYC Amendment Directions, 2026, which include victim compensation for bank negligence.
News18·




