The Economic Times

Canara Bank recovers loan by emptying account on a Sunday: Woman says money was debited without consent; court orders Rs 45,000 payout

A Kerala consumer commission has ordered Canara Bank to pay Rs 45,000 in compensation and costs after it automatically debited Rs 53,463 from a woman's savings account on a Sunday to recover a gold loan, without her consent and without first invoking its right to sell the pledged gold ornaments it already held as security.