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Canara Bank Asked To Pay Rs5 Lakh Compensation to 95-Year-Old NRI for Wrongly Converting FCNR into INR Deposits without Consent

Holding Canara Bank and its officials responsible for deficiency in service and unfair trade practice resulting in mental agony and hardship to a now 95-year-old non-resident Indian (NRI), the national consumer disputes redressal commission (NCDRC) enhanced the compensation to Rs5 lakh from Rs1 lakh. Canara Bank is directed to pay Rs9.09 lakh to the British citizen, including the compensation and award with an interest of 6%pa (per annum) and Rs25,000 litigation costs.

Axis Bank Asked To Pay Rs68 93 Lakh Fraudulently Withdrawn from 5 Customers Account

While upholding an order passed by the Chandigarh state consumer disputes redressal commission, the national consumer disputes redressal commission (NCDRC) directed Axis Bank Ltd to pay Rs68.93 lakh with 6% interest and a compensation of Rs1 lakh each to five customers.

Air India Asked To Pay Enhanced Compensation of Rs1 75 Lakh for Delay, Re-routing and Cancellation of Flights

The national consumer disputes redressal commission (NCDRC) has directed Air India Ltd (erstwhile Indian Airlines) to pay enhanced compensation of Rs1.75 lakh with an interest of 6%pa (per annum) from the date of complaint and Rs25,000 litigation cost to four members of the CV Joseph family for delay, re-routing and cancellation of their flights.

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