Fintech Brief — October 30, 2026
Fintech Brief — October 30, 2026 Today’s Top Stories Supreme Court: banks must repay digital-fraud victims in full when due diligence fails The Supreme Court on Thursday directed that the RBI’s pending KYC (Amendment) Directions, 2026 must make banks financially liable for digital-arrest scams. A bench of Chief Justice Surya Kant and Justices Joymalya Bagchi and V. Mohana, hearing the suo motu case In Re: Victims of Digital Arrest Related to Forged Documents, ordered that the framework “must mandate financial institutions to indemnify victims of digital arrest or cyber fraud through suitable compensation, not less than the amount lost by the customer, where the fraud or crime is found to have resulted from a failure of due diligence by the financial institution.” Moneycontrol · New Indian Express ...