Search Results for: adjudicator

ICICI Bank ordered to pay Ra 43 lakhs to a victim of fraud

The Adjudicating officer of Telengana on 30th September 2019 awarded compensation to a victim of a fraud in ICICI Bank. The total amount which the customer (an NRI) had lost was Rs 43,07,525/-. The Bank had alleged that this was … Continue reading

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How Banks Cheat in Limited Liability instances

At one time, Bankers were considered trusted individuals and respected in the community. But with the advent of technology, Bankers of the older generation receded into the background and technologists came into the Banking profession. Today Technologists have become Bankers … Continue reading

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List of Nodal Officer Contacts

Many times disputes that arise with service providers of various agencies are resolved easily when we are able to reach out to the right persons in the organization. ITA 2000/8 mandates that every online service organization (who is an intermediary) … Continue reading

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IDBI Bank held liable in Phishing Case a-la Umashankar Vs ICICI Bank

The adjudication complaint of S Umashankar Vs ICICI Bank was a historic case in which the Adjudicator of Tamil Nadu, Mr PWC Davidar held that ICICI Bank is liable for negligence despite the phishing mail having been answered by the … Continue reading

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ICICI Bank claims immunity from Cyber Crimes

ICICI bank which has been a leading Bank in India adopting to innovative Cyber Banking in India is also in the forefront of incidents in which customers have lost money because of the negligent manner in which security of the … Continue reading

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TDSAT confirms compensation for employee data theft

Complaints from an employer against an employee for data theft is a common occurrence in the corporate world particularly when the employee has exited the company and also started a competing business. In the current business environment where the corporate … Continue reading

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