Rs 22.9 cr lost in digital arrest, five banks made to pay Rs 1.3 cr to victim
Indian Express·3h ago·Hope
What Happened
The RBI's Integrated Ombudsman Scheme ordered five banks—Axis, City Union, ICICI, IndusInd, and Yes Bank—to collectively pay Rs 1.31 crore to a 78-year-old retired banker who lost Rs 22.92 crore in a digital arrest scam between August-September 2025. The banks operated mule accounts receiving siphoned funds. The victim has received the compensation and filed an RBI appeal seeking full recovery with interest.
Key Entities
RBIIntegrated Ombudsman SchemeAxis BankCity Union BankICICI BankIndusInd BankYes BankNaresh MalhotraCBISupreme CourtDigital arrest scamRs 22.92 croreRs 1.31 croreDelhi