You are here: Home » Finance » News » Banks
Business Standard

State Commission asks SBI to compensate fraud victim

SBI was asked to pay Rs 26,000 after it failed to produce a video footage of the complainant making the transaction

Press Trust of India  |  New Delhi 

Delhi state consumer commission has asked the State Bank of India (SBI) to pay Rs 26,000 to a customer who lost Rs 20,000 in an alleged bank fraud incident in 2010. The state commission dismissed an appeal filed by the SBI against a district consumer forum's order directing the bank to refund Rs 20,000 along with Rs 5,000 as compensation and Rs 1,000 towards litigation charges to a south Delhi resident Vinay Pal, who found his account was short of Rs 20,000 when he went to withdraw cash from an ATM in 2010. The bank, however, had claimed that the amount was withdrawn by ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital
First Published: Wed, November 30 2016. 17:10 IST
RECOMMENDED FOR YOU