Reserve Bank of India (RBI) deputy governor SS Mundra on Monday said the central bank is examining whether to issue regulatory directions with regard to limiting liability of customers on fraudulent transactions arising out of frauds and electronic banking transactions.“This is a work in progress and we expect to come out with the final framework very soon,” the deputy governor said. Mundra was speaking at an event organised by the Banking Codes and Standards Board of India.

Source - http://www.financialexpress.com