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Which of the ...

Question

Which of the following was the reason Reserve Bank of India Drafted circular for Public comments on “Limited Liability” for customers?

A

Frauds in Internet Banking and Card transactions

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B

Misbehaviour of Customers in Banking

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C

Fraudulent in availing Loans

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D

Wrong declaration of Information

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E

Unnecessary collection of penalties by the banks

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Solution

The correct option is A Frauds in Internet Banking and Card transactions
RBI had come up with a Draft Circular for public comments on “Limited Liability” for customers in case of frauds in Internet Banking and Card transactions.

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