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Searched Tag: banks
RBI mandates two-factor authentication for digital payments from April 1, adding OTP or biometrics to UPI transactions to curb fraud and boost security.

Two-factor authentication must for UPI, digital payments

April 1, 2026, 06:18 PM - 2 min read

Besides, the user will not be able to take screenshots or screen recordings in the banking app, as it is completely banned to protect the user from any fraud.

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SC holds Bank liable for wrongful remittance to third party

SC holds Bank liable for wrongful remittance to third party

March 18, 2026, 05:40 PM - 3 min read

A bench of Justices JB Pardiwala and R Mahadevan dismissed the bank's appeal, affirming a Madras High Court ruling that directed it to indemnify Archean Industries Pvt. Ltd. for the mistaken transfer.

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SC/ST Act can't be invoked to stop mortgaging rights of banks:HC

SC/ST Act can't be invoked to stop mortgaging rights of banks:HC

October 22, 2025, 05:44 PM - 3 min read

In a significant observation made recently,  Delhi High Court has  said that the provisions of the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act, 1989 (SC/ST Act) relating to wrongful occupation or dispossession of land cannot be invoked to prevent a bank from exercising its lawful mortgage rights.

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Mallya seeks clarity on debt recovery, K'taka HC sets deadline

Vijay Mallya seeks clarity on debt recovery, K'taka HC sets deadline

February 5, 2025, 07:37 PM - 3 min read

Senior advocate Sajan Poovayya, representing Mallya, argued that the winding-up order against Kingfisher Airlines and its holding company, UBHL, had been upheld at all judicial levels, including the apex court.

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The Reserve Bank of India (RBI) has announced significant changes regarding loan terms, emphasizing transparency and borrower empowerment.

RBI's new directive: Lenders must offer 'Key Fact Statement' to borrowers

April 16, 2024, 04:52 PM - 2 min read

Any fees, charges etc. which are not mentioned in the KFS, cannot be charged by the Regulated Entities (REs) to the borrower at any stage during the term of the loan without explicit consent of the borrower.

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