RBI

The National Consumer Dispute Redressal Commission (NCDRC) has passed a important ruling in which it states that if hackers fraudulently withdraw money from a person's bank account, the bank, would be responsible for the loss, not the Customer.

A Public Interest Litigation has been filed in the Delhi High Court seeking directions to the Unique Identification Authority of India to take action against Google pay alleging that Google pay has unauthorized access and storage of Aadhaar data.

In the petition, Viswam had prayed that Indians’ right to privacy should be protected from being misused by “giant corporations” for their “financial ends”.

Reserve Bank informs Sup...

TechFins to enter or operate into the financial sector without establishing registered offices within the territory of India and without prior registration/approval from financial regulators in India.

Ignoring the advice of experts, the RBI’s Internal Working Group has recommended the entry of business houses into the banking sector. This can have dangerous repercussions for depositors and shareholders.

The decision was taken following repeated outages in its electronic banking services.

A division Bench of the Chief Justice DN Patel and Justice Prateek Jalan has given time to Reserve Bank of India to file its reply and adjourned the case to January 4, 2021. The application was filed by Bejon Kumar Mishra seeking directions to include financial emergencies as a ground for depositors to withdraw their money from Punjab and Maharashtra Co-operative (PMC) Bank.

The Supreme Court today has disposed off the petition filed by Gajendra Sharma seeking waiver of Interest on interest during the Loan Moratorium period declared by Centre owing to COVID 19 pandemic.

A Public Interest Litigation has been filed in the Delhi High Court seeking directions to the central government to ensure that the digitalized financial services are accessible to the visually challenged person.