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

Supreme Court says banks must inform locker holders in writing before breaking them open SECTIONS Share Synopsis 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. Agencies Till the RBI frames such rules, the court laid down the ...
Mohanm Shatanagoudar Vineet Saran Supreme Court On National Consumer Disputes Redressal Commission Supreme Court Justices Mohan

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