Government

August 09, 2017

Banks To Ensure Customers' Lockers Remain Safe: RBI


RBI

On August 8, the government informed Parliament that the RBI has asked banks to ensure customers' lockers remain safe and there is "no negligence" that could render banks liable to claims by the locker-holders.

Besides, banks are being probed by the Competition Commission of India for alleged cartelization in locker services. Finance Minister Arun Jaitley said that there was no specific circular asking banks to compensate customers for theft of articles from bank lockers.

Jaitley said, "Banks have been advised by the RBI that it would be their responsibility to ensure the lockers remain safe and there is no negligence that could render them liable to claims by locker-holders."

Related Post

latest News

  • $700 billion defense bill authorized by US Senate

    On September 11, the US Senate voted to authorize HR 2810, a $700 billion defense bill, authorizing support for defense programs and combat operations...

    Read More
  • No permit for leading secondary evidence in court: Bombay HC

    The Bombay High Court ruled that there is no need to take courts permission for leading secondary evidence, under Section 65 of Indian Evidence Act.

    Read More
  • Chief Justice, in a first, Heads Vacation Bench In Winter

    India’s top court may be observing a fortnight-long winter vacation but the Chief Justice of India is not taking a break. The urgent cases pertainin...

    Read More