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Frame New Bank Locker Rules In 6 Months, Supreme Court Tells RBI

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Banks are the custodians of public property and they "cannot leave their customers in the lurch" by claiming ignorance of the contents of their lockers, the Supreme Court said today as it observed that "(the) present state of regulations on locker management is inadequate and muddled". The Reserve Bank of India will set new regulations on the locker facility management within six months that will be followed by banks across the country, the top court directed today.

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Category
Asia
Tags
Bank Locker, Supreme Court, RBI
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