The Supreme Court on Monday asked the Reserve Bank of India (RBI) and other banks to take timely action in the cases of digital arrests. Describing the siphoning of over Rs 54,000 crore by digital frauds as absolute “robbery or dacoity”, the top court said that such incidents couldn’t have occurred without possible collusion or negligence on the part of bank officials. The court also asked the Centre to draft a standard operating procedure, in consultation with stakeholders such as the RBI, banks, and the Department of Telecommunications, to address such cases.