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Unauthorised transaction due to third party breach: Bank customer has zero liability, says HC

Unauthorised transaction due to third party breach: Bank customer has zero liability, says HC

by AIP Online Bureau | Jun 13, 2024 | Banking & Bancassurance, Indian News, Risk Management, Technology

A division bench of Justices Girish Kulkarni and Firdosh Pooniwalla was hearing a petition filed by one Jaiprakash Kulkarni and Pharma Search Ayurveda Private Limited challenging an order passed by the Banking Ombudsman refusing to direct the Bank of Baroda to refund...

RBI bars Bank of Baroda from more customers on bob World app

by AIP Online Bureau | Oct 10, 2023 | Banking & Bancassurance, Indian News, Regulation, Technology

“This action is based on certain material supervisory concerns observed in the manner of onboarding of their customers onto this mobile application. Any further onboarding of customers of the bank on the ‘bob World’ application will be subject to...

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