Cyber fraud drains woman’s bank account; Canara Bank ordered to pay Rs 5.64 lakh

Canara Bank is mandated to reimburse a woman Rs 4.14 lakh after unauthorized transactions were linked to a fraudulent phone call. The woman's financial loss totaled Rs 5.44 lakh, but the bank could not substantiate claims of her authorization. The commission highlighted that authentic transactions do not imply voluntary consent in cases of fraud. As a result, the bank must also compensate for…

First reported by Times of India 19 hr ago1 source

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Times of India04:3619 hr ago
Cyber fraud drains woman’s bank account; Canara Bank ordered to pay Rs 5.64 lakh (opens Times of India in a new tab)
Canara Bank is mandated to reimburse a woman Rs 4.14 lakh after unauthorized transactions were linked to a fraudulent phone call. The woman's financial loss totaled Rs 5.44 lakh, but the bank could not substantiate claims of her authorization. The commission…

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