Daily Archives: December 18, 2017

Limited Liability on Electronic Banking Frauds also extends to Cooperative Banks

Posted on December 18, 2017 by Vijayashankar Na

On July 6, 2017, RBI released the “Customer Protection-Limiting Liability of Customers in Unauthorized Electronic Banking Transactions”. The circular indicated that a customer is entitled to “Zero Liability” in case of loss arising out of frauds in E banking in … Continue reading →