If alerted promptly, bank must compensate for cyber fraud: Consumer court

The Navsari Consumer Disputes Redressal Commission (CDRC) has stated that a bank is responsible for compensating customers for money lost in cyber fraud if they are promptly alerted. The CDRC ordered the State Bank of India (SBI) to pay a UPI cyber fraud victim Rs 39,578 after she personally informed the branch the same day she...