April 6, 2026

compensated

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Fraud victims to be compensated up to Rs 25k under RBI’s new customer protection measures

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MUMBAI: The RBI is proposing to compensate customers for losses arising from small-value digital frauds, with payouts of up to Rs 25,000, as part of a broader overhaul of consumer protection rules amid rising risks from mis-selling, cyber fraud and aggressive loan recovery practices.Governor Sanjay Malhotra said the central bank has reviewed its 2017 framework…

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Jewellery worth over Rs 90 lakh seized by Income Tax Department vanishes from bank locker – High Court orders taxpayer to be compensated

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The theft at the bank occurred whilst the income tax proceedings concerning the jewellery seizure were still ongoing. (AI image) The Income Tax Department seizes assets and they are stolen from the bank locker they are stored in – the situation is real, and the taxpayer whose seized jewellery was stolen, won a compensation case…

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