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CUSTOMER RIGHTS BANK COMPENSATION
Compensation of Rs 100 to Rs 5,000 per day for delay by bank in processing your request in these 5 situationsFrom stuck credit card closure requests to lost property papers, RBI rules require banks to pay you for every day they're late. A customer ...- At Rs 35.9 crore, HDFC Bank's incoming boss Anup Bagchi set to be India's highest-paid bank CEOHDFC Bank has proposed an annual compensation package of up to Rs 35.90 crore for Anup Bagchi. This remuneration could increase to Rs 43.24...
- RBI removes Paytm Payments Bank from list of scheduled banksIn April this year, the Reserve Bank of India (RBI) had cancelled the banking licence issued to PPBL for non-compliance with norms, saying ...
- GST 2.0: From stuck tax credit to fewer disputes, industry chambers list key reform demandsGST 2.0 reforms: Industry chambers are calling for reforms to GST 2.0 during the upcoming GST Council meeting. They seek improvements in in...
- Power ministry issues compensation guidelines for transmission line right of wayNew guidelines issued by the power ministry will help establish compensation for landowners affected by interstate transmission lines. Stat...
- Beyond the first export: How India’s SMBs can build lasting global businessesIndia’s exports hit a record in 2025-26, and SMBs account for nearly half of them. But as trade deals widen market access, Payoneer leaders...
- RBI opens up Account Aggregator network, making financial data sharing easier for consumersThe Reserve Bank of India has introduced inter-operability among various Account Aggregators to simplify information sharing. Customers wil...
- Agentic AI in financial services: How banks are rethinking lending, risk and decision-makingFrom loan processing and credit assessment to fraud detection and regulatory compliance, agentic AI is changing how financial institutions ...
- One Dashboard Is Enough: RBI allows account aggregator interoperabilityMove seen easing customer acquisition across the financial system – pensions, stocks, insurance, loans, or plain-vanilla banking
- Bank restricted access to matured fixed deposits worth Rs 13.8 lakh, allowed customer to withdraw only Rs 50,000, ordered to pay Rs 14.15 lakhA district consumer commission in Thiruvananthapuram has ordered a cooperative bank to pay a widow over Rs 14.15 lakh after it blocked her ...
- Google faces UK court over app store chargesA class action lawsuit against Google opens in London Tuesday, with the technology giant accused of earning excessive commissions from its ...
- Insurance misselling misunderstood: The regulator’s proposal is tantamount to addressing the symptom, while ignoring the causeIn FY25, the Indian insurance sector experienced significant premium growth while maintaining flat penetration rates. However, complaints r...
- SC stays coercive action against Tata Chemicals over environment damage to marine sanctuaryThe Supreme Court granted Tata Chemicals relief from coercive actions while reviewing a Gujarat High Court verdict. Senior advocate Abhishe...
- Man books retiring room through IRCTC by paying Rs 333 for western bathroom, ends up with Indian toilet in the room; court orders Rs 20,000 compensationChandigarh State Consumer Commission increased the compensation for a senior citizen after inadequate toilet facilities were provided. The ...
- Samsung technician cracked TV display while replacing motherboard, company calls damage outside warranty, Samsung India ordered to pay 19,740A Mumbai consumer commission has ruled against Samsung after its own repair technician cracked a customer's television screen and the compa...
- Filter problem left a new Rs 11,490 purifier unusable within 4 months, Eureka Forbes denied warranty saying it was not covered, ordered to pay Rs 19,490A Thiruvananthapuram consumer commission ordered Eureka Forbes to pay Rs 19,490 to a customer after his Rs 11,490 water purifier broke down...
- Man couldn't get his Rs 170 back after stopping milk delivery; court orders dairy to pay nearly 15x the amountA Delhi consumer commission has ordered Sanjeevani Dairy Farms to refund Rs 170 retained in a customer's milk delivery app wallet after he ...
- RBI asks banks to tackle repeat customer complaints, fix gaps in grievance systemsThe Reserve Bank of India has asked banks to identify systemic, process and operational gaps behind recurring customer complaints and condu...
- Mother nominated son in her savings bank a/c, but both died, father faced long delay in getting funds; Consumer Commission orders Rs 10,000 compensationErnakulam, Kerala: Husband faced challenges and long delay in accessing late wife’s savings bank account as nominee died; Consumer commissi...
- Bank Strike: Will banks remain closed on all Saturdays? Latest update on bank five days working weekBank five days working: The nationwide bank strike planned for September 28–30, 2026, has been deferred after talks between the Indian Bank...
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