SC seeks timely actions from RBI, banks on digital fraud; says it may be due to collusion or negligence of bank officials.

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• Supreme Court Tackles Digital Fraud: A Call for Action

• SC asks RBI, DoT and others to jointly hold a meeting to come up with framework for compensation in digital arrest cases.

• We direct Centre to formally adopt, implement RBI's SoP across India for inter-agency coordination in dealing with digital frauds: SC.

• SC notes RBI crafted a SOP prescribing action by banks to temporary put debit cards on hold to prevent cyber-enabled frauds.

• SC orders that a draft MoU be framed by inter-departmental agencies in four weeks to effectively deal with digital frauds.