Banks Must Pay Digital Fraud Victims If Due-Diligence Failure Is Found: Supreme Court

Friday, 30 October 2026Newsdesk

The bench suggested that financial institutions could classify accounts according to their nature and transaction patterns and deploy technology, including artificial intelligence, to identify deviations that may indicate coercion or fraud.

New Delhi 30 October 2026

As per news report of NDTV,The Supreme Court on Thursday said banks must be made accountable to indemnify losses suffered by digital fraud victims, who should receive compensation of at least the amount lost if an investigation establishes that the offence resulted from a failure of due diligence by the financial institutions.

Source - NDTV