Banks have no liability for loss of valuables in lockers: RBI

According to an RTI response by RBI, public sector banks cannot be held responsible in case of theft of valuables from lockers. Banks have contended that the relationship they have with customers with regard to lockers is that of a lessee and lessor, in which lessors are responsible for their valuables kept in lockers owned by banks.

By |

OTHER NEWS SHOTS

Read More News Stories