Friday, February 19, 2021

Supreme Court says banks must inform locker holders in writing before breaking them open

Breaking open a locker without following the legal procedure would be construed as gross negligence on the part of the bank, a top court bench said. The bench, which included Justices Mohan M. Shatanagoudar and Vineet Saran, asked the RBI to frame uniform rules for all banks regarding locker management within 6 months.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2Nrzimy

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