Nearly 90% of Locker Theft Incidents in Public Sector Banks Reported from UP, Jharkhand and Maharashtra alone

TL;DR India’s updated bank locker rules strengthened security and clarified liability after a 2021 Supreme Court intervention. Data presented in Parliament reveal just 40 confirmed locker thefts in Public Sector Banks since 2020-21, but major transparency gaps remain, such as private banks’ data being unavailable, and compensation for negligence remains capped at 100 times the [...]

The post Nearly 90% of Locker Theft Incidents in Public Sector Banks Reported from UP, Jharkhand and Maharashtra alone appeared first on FACTLY.