New Delhi, 7/2: The Reserve Bank of India (RBI) will provide up to Rs 25,000 as compensation to bank customers who become victims of small-value financial frauds, Governor Sanjay Malhotra said on Friday.
In his statement after the 59th meeting of the Monetary Policy Committee, Malhotra said the central bank will come out with a framework for compensation in case of small-value fraudulent transactions.
