Bank lockers

Frame new rules for locker management in six months: Supreme Court directs RBI

The Supreme Court on Friday (February 19) said the present state of affairs on management of bank lockers is inadequate and muddled, and there is no uniformity in rules as it directed the RBI to lay down regulations, within six months, for steps necessary for banks on this issue.

Feb 19, 2021, 22:30 PM IST

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

Stung by the revelation, the lawyer who had sought information under the transparency law has now moved the Competition Commission of India (CCI) alleging "cartelisation" and "anti-competitive practices" by the banks in respect of the locker service.

Jun 25, 2017, 13:23 PM IST