Karnataka HC urges banks to strive hard to make digital transactions foolproof and resistant to misuse by fraudsters

A view of the High Court of Karnataka The High Court of Karnataka has requested banks to strive hard to make their digital banking systems “robust, foolproof, and resistant to misuse by fraudsters”“The money involved in the banking sector is the public money, and banks are accountable to the public. Any failure would not only affect the particular customer of the bank, but also the entire economy of the country, and the trust of the people in the banks,” the court observed.Order for recreditA Division Bench comprising Justice D.K. Singh and Justice T.M. Nadaf passed the order while upholding the orders of the State and National Consumer Disputes Redressal Commissions, which had directed the State Bank of India to re-credit ₹1.99 lakh to the account of its customer, Pradosh Kumar Benerjee o