Mumbai, April 10 The Bombay High Court has ordered HDFC Bank to refund Rs 38 lakh to a Pune-based businessman, who lost the amount to a digital fraud, observing that the account holder was not at fault.A bench of Justices Bharti Dangre and Manjusha Deshpande, in its order of April 6, held that...
account recovery
bank fraud
bank liability
customerprotection
digital fraud
financial loss
fraud investigation
hdfc bank
mobile banking
online transactions
pune businessman
rbi guidelines
reserve bank of india
sim swapping
unauthorized electronic transactions
New Delhi, March 1 Bharti Airtel will deploy its AI-enabled spam protection tool on text messages sent via Google's messaging platform to protect its customers from potential digital fraud, as part of the collaboration between the two firms, the telecom operator said on Sunday.Following the...
New Delhi, February 23 Finance Minister Nirmala Sitharaman on Monday strongly criticised banks for mis-selling financial products, including insurance, saying it is a violation of the Bharatiya Nyaya Sanhita (BNS)."Banks should focus on their core business... My biggest concern has always...
New Delhi, February 11 Airtel on Wednesday launched Fraud Alert, an AI-powered solution aimed at providing real-time protection to customers against the rapidly growing menace of One-Time-Password (OTP)-related bank fraud.Fraudsters exploit the urgency often associated with OTPs for everyday...