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CUSTOMER COMPENSATION FOR FRAUD
AirAsia ordered to pay Rs 90,750 after flight delay damages Kerala man's plantA farmer's hybrid jackfruit sapling was damaged due to a significant flight delay by AirAsia, leading to a missed connection. The consumer ...- Insurance CEOs’ pay now linked to claims and customer grievances: What it means for policyholdersInsurance CEOs’ remuneration will now partly depend on how well they treat policyholders, from settling claims to resolving complaints. A t...
- FirstCry ordered to pay Rs 50,000 compensation to customer for tagging him 'fraud' after he cancelled tricycle orderA consumer commission has ordered FirstCry to pay Rs 50,000 compensation. The online retailer cancelled a customer's order without reason. ...
- The safe keepers: Inside India's booming locker economyIndia’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...
- Quote of the Day by Albert Einstein: "Men marry women with the hope they will never change. Women marry men with the hope they will change"Quote of the Day: Albert Einstein's timeless quote highlights that many people enter marriage with unrealistic expectations. Men hope partn...
- US Senate approves $70 billion for Trump's immigration crackdownThe US Senate on Friday approved $70 billion in funding for Donald Trump's hardline immigration crackdown, handing the president a major vi...
- $100K savings in 3 months: Techie says Claude code is now 2x faster, 3x cheaper using this toolA developer's Reddit post highlights GrapeRoot, a tool enhancing AI coding. It uses a dependency graph to load only relevant code, reducing...
- From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...
- Fidelity Investments data breach settlement with up to $5,000 compensation for affected customers- here's who can file a claimFidelity Investments will compensate customers affected by a 2024 data breach. The financial firm agreed to a multi-million dollar settleme...
- Comcast's dirty secret cost them $117 million, you could be owed $10,000; here's how to grab your share by August 14The Comcast $117.5 million settlement has triggered a nationwide rush as millions of Americans now check eligibility for a possible $10,000...
- 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 ...
- Compensation for cyber fraud: RBI’s new initiative works for many customers but know when it doesn’t work for othersDigital transactions are rising in India. This has led to an increase in digital frauds. The RBI is proposing compensation for customers lo...
- 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...
- UPI stocks Paytm, Mobikwik fall up to 4% after RBI proposes transaction fraud frameworkUPI stocks Paytm and Mobikwik fell up to 4% after the RBI proposed a framework to compensate customers for small value fraudulent transacti...
- Online fraud losses? RBI may compensate up to ₹25,000, but conditions apply. Check hereThe Reserve Bank of India will propose a framework to compensate customers up to ₹25,000 for losses from small-value fraudulent digital tra...
- RBI acts on fraud: Customers to get up to Rs 25,000 compensation for losses incurred in small value fraudulent transactions, announces RBIBank customers who fall victim to small value financial fraud can now receive compensation. The Reserve Bank of India announced this new po...
- 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...
- Bank must refund money to customer for reported online fraud: CourtThe Navsari Consumer Disputes Redressal Commission (CDRC) has ordered the State Bank of India (SBI) to compensate a victim of UPI cyber fra...
- Citibank fraud:Citibank’s bottomline may face Rs 300-cr hitCitibank is likely to face a blow on its bottomline during the current financial year on account of the Rs 300-350 crore fraud at its Gurga...
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