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Friday, 13 November 2026 IST

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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

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 via The Hindu National feed — Credit: Storywire

Attributed summary

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

Read the original report — The Hindu National

Storywire publishes attributed summaries for discoverability. Full reporting remains with the original publisher — we do not republish restricted full text.

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