‘The Bank Will Have To Pay’: Supreme Court Mulls Strict Liability For Cyber Fraud

The court was hearing suo motu proceedings concerning digital arrest scams.
Why RBI removed Paytm Payments Bank from Scheduled Banks list

The move comes after the Delhi High Court’s 28 July decision to wind up Paytm Payments Bank, where the court acted on a plea filed by the regulatory organisation for Indian banking and financial systems.