Delhi High Court Directs RBI to Expedite Beneficiary Name Lookup Facility for RTGS and NEFT Transactions to Safeguard Consumer Interests and Ensure Compliance with CEIB SOPs Against Cyber Fraud

Court’s Decision: The Delhi High Court, presided over by Justice Prathiba M. Singh, issued a directive for the Reserve Bank of India (RBI) to swiftly implement the Beneficiary Name Lookup…