India, March 24 -- The Government of India has issued a release:
The Reserve Bank of India (RBI) had issued the extant instructions on limiting liability of customers in unauthorised electronic banking transactions in 2017. However, in view of the rapid adoption of technology in the banking sector and payments systems, RBI reviewed its existing instructions. The revised instructions, including a compensation mechanism in case of small value fraudulent electronic banking transactions, have been issued for public / stakeholders' consultation on March 06, 2026. The same is available at: https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid62340
Indian Digital Payment Intelligence Corporation (IDPIC) has been incorporated as section...