Current Affairs · RBI Shared Responsibility Model for Digital Fraud
Regarding the 'skin in the game' shared responsibility model introduced for the digital fraud safety net, which of the following statements is/are correct? Testbook + 11. Under the framework, both the customer and the banking institution are required to bear an identical liability of 15% of the total loss incurred. Testbook2. The RBI-backed framework is designed to cover 70% of the financial loss, resulting in a total compensation of 85% of the transaction value for the victim. Testbook3. This compensation mechanism is structured to provide a maximum relief of ₹50,000 per individual case to align with the most frequent fraud transaction bracket. Testbook Select the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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