Online Banking Frauds — Key Cases & Reports

Key Cases & Reports

Shreya Singhal v. Union of India

2015

This landmark Supreme Court judgment struck down Section 66A of the IT Act 2000, which was being misused to criminalize online speech. While not directly related to banking…

State Bank of India v. Santosh Gupta

2017

This case established important precedents regarding bank liability in cases of online fraud where customers have been negligent in protecting their credentials. The court held…

Reserve Bank of India v. Jayantilal N. Mistry

2021

This case reinforced RBI's regulatory authority over digital payment systems and established that non-compliance with cybersecurity directives can result in severe penalties…