SC Directs RBI To Frame New Bank Locker Regulations In Six Months The Supreme Court held that banks cannot wash off their hands towards their customers for the operation of lockers. PTI Outlook Web Bureau 2021-02-20T08:29:21+05:30 SC Directs RBI To Frame New Bank Locker Regulations In Six Months outlookindia.com 2021-02-20T08:32:40+05:30 The Supreme Court of India on Friday directed the Reserve Bank of India (RBI) to lay down regulations within six months mandating the steps to be taken by banks with respect to locker facility management. It held that banks cannot wash off their hands towards their customers for the operation of lockers.