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The RBI had asked banks to assist their clients in the execution of fresh/supplementary stamped agreements with their customers by taking measures
Bank Locker Rules Latest Update: The RBI said the banks have been advised to make necessary arrangements to facilitate the execution of the revised agreements by ensuring the availability of stamp papers. -- aaa
As deadline for new RBI re-registration rule looms, seniors rue that banks have not even intimated them about it
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 procedure that would govern safe deposits with banks irrespective of the value of the articles place...