Financial institution is liable to indemnify if it fails to ascertain password, OTP, MPIN, card quantity shared by the client carelessly leading to fraudulent transaction: Gauhati HC

Lately, the Gauhati HC dominated that, if a buyer discloses delicate info that leads to a fraudulent transaction, the financial institution can’t be held responsible for damages, if any loss is precipitated to the client. bench of Justice Suman Shyam The Ombudsman was listening to a petition difficult the order issued by the Reserve Financial … Read more