Search Results for: bank

“The intention of the insolvency and bankruptcy code is to keep companies a “going concern” and not liquidate them”.  ..so said our honourable Finance Minister while getting the Bankruptcy and Insolvency Code passed through the Parliament. But contrary to what … Continue reading →

During the Covid lockdown, apart from the Police and the Health workers who are being hailed as “Covid Warriors”, there are also another industry where the employees are keeping the services going despite the enormous risks that the employees are … Continue reading →

After the use of FASTag was made mandatory for toll payments, several service providers came up with a proposal to provide the FASTag stickers including some banks. When the original date for introduction was set as December 15,2019, there was … Continue reading →

There have been so far many awards from Adjudicators in different states  in which Bankers have been held liable for frauds such as “Phishing”. Starting with the S Umshankar Vs ICICI Bank award in 2010, adjudicators in Mumbai, Gujarat, Telengana … Continue reading →

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 →

In all cases of Banking frauds involving “Unauthorized Access”, Banks have been putting across various arguments to shift the blame entirely on the customers. We had reported a recent incident where HDFC Bank had tried to bully a customer for … Continue reading →