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BANK NEGLIGENCE COMPENSATION
SBI ordered to refund nearly Rs 2 lakh after online fraud as customer said he never shared his ATM PIN, OTP or banking detailsA consumer commission has directed the State Bank of India (SBI) to refund Rs 1.64 lakh to a customer who lost money in an unauthorised onl...- Delhi couple repays Rs 1.41 crore loan and finds out Axis Bank lost their property papers; they file complaint and win this much compensationAxis Bank misplaced a Delhi couple's original property papers, which they found out after closing their Rs 1.41 crore loan account. They th...
- Can DigiLocker replace your bank locker? What you need to know about storing important documentsIndians face a choice between traditional bank lockers and the government's DigiLocker for important documents. While DigiLocker offers con...
- RedBus, travel co ordered to pay Rs 10,000 compensation after man's Rs 600 ticket was cancelled 17 minutes before departureA consumer commission found RedBus and Bharmani Travels jointly responsible for a cancelled bus ticket. The complainant's ticket was cancel...
- Man dies in motor accident, family seeks Rs 2.25 crore in damages: Here's why SC fixes ‘fair’ compensation based on his ITR, sets a precedentManoranjan Pandey, who lost his life in the tragic accident in 2018, was the sole breadwinner of his family, according to the 2019 appeal f...
- Kerala family wins Rs 2.5 lakh compensation after bank loses original Pattayam submitted for agricultural loanA Kerala family has been awarded Rs 2.5 lakh compensation after a public sector bank lost the original Pattayam (land title deed) submitted...
- Lost Rs 50,000 in digital fraud? Soon, you can get 85% amount back if you follow these rules - 3 calculations to explain how this worksAs per the latest RBI guidelines, if you have lodged a complaint for the fraudulent transaction within 5 calendar days, you shall be compen...
- Central Bank of India ordered to pay Rs 2.5 lakh compensation to customer for losing original property papersA consumer commission held the Central Bank of India liable for losing a land title deed deposited as collateral for an agricultural loan. ...
- Epstein accusers face relentless harassment; threats and intimidation escalate after identities exposed in Justice Department filesVictims of Jeffrey Epstein face severe threats and harassment. Their identities were exposed in government files, leading to online abuse a...
- BSNL ordered to pay over Rs 55 lakh compensation to co-operative bank after duplicate SIM used to access OTPs in Rs 87 lakh fraudKarnataka high court has ordered BSNL to pay more than Rs 55 lakh in compensation and damages to a co-operative bank that lost over Rs 87 l...
- How a Rs 20 electricity bill payment by an SBI customer led to the bank paying Rs 2.2 lakh in compensationA State Bank of India customer was defrauded of ₹1.99 lakh after attempting a ₹20 electricity bill payment. The National Consumer Disputes ...
- RBI proposes compensation for bank fraud losses up to Rs 50,000New RBI proposals aim to protect bank customers from fraudulent electronic transactions, potentially offering compensation up to ₹50,000 ev...
- RBI caps claims for small-value digital frauds at Rs 50,000; banks to prove customer liabilityRBI new digital fraud rules: Compensation will be provided if the loss is established as genuine under the bank’s internal policy and the v...
- Delhi bank locker row: Rs 60 lakh jewellery loss claim sparks big questions on liability and compensation; Know your rights and how to protect your valuablesA Delhi woman reported Rs 60 lakh worth of jewelry missing from her bank locker, prompting a police investigation. Despite no signs of forc...
- PSU banks' compensation against fraud rises over three-fold to Rs 140 crore in FY'24Union Bank of India paid the highest compensation of Rs 74.96 crore followed by Bank of India at Rs 20.38 crore and Indian Bank at Rs 16.16...
- Biden calls for tougher penalties for failed bank executivesBiden wants the Federal Deposit Insurance Corporation to be able to force the return of compensation paid to executives at a broader range ...
- New bank deposit locker agreement rules: 5 things to knowThe bank will not be liable for any damage or loss of locker contents caused by natural calamities like earthquakes, floods, lightning, or ...
- Banks are not adding this clause to the new locker agreement: How does this impact you?The Reserve Bank of India has asked banks to get the new locker agreements signed with their exisiting customers on or before December 31, ...
- Your bank locker is not as safe as you think; here's howThe RBI says that banks aren't responsible for the contents of the lockers, though they are required to take precautions for their protecti...
- Bank lockers: How much can you entrust them with your valuable deposits?According to Section 152 of the Indian Contract Act, a bank is not responsible for any loss or damage to the contents of a locker.
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