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SC calls for mandatory compensation to digital fraud victims in case of banks' due diligence

The Bench stressed that the proposed regulatory framework must provide for suitable compensation to victims where financial institutions are found to have failed in their due diligence obligations

The Hindu · · 1 min read ·

SC calls for mandatory compensation to digital fraud victims in case of banks' due diligence
SC calls for mandatory compensation to digital fraud victims in case of banks' due diligence (Image: The Hindu)

The Bench stressed that the proposed regulatory framework must provide for suitable compensation to victims where financial institutions are found to have failed in their due diligence obligations

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