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Lock in, but banks don’t assure safety of your lockers anymore

Do not expect any compensation for theft or burglary of valuables in safe deposit boxes of public sector banks as the locker hiring agreement absolves them of all liability. rnThis bitter truth was disclosed in an RTI response by the Reserve Bank of India (RBI) and 19 PSU banks.


PTI 
NEW DELHI 
 
Stung by the revelation, the lawyer who had sought  information under the transparency law has now moved the

 RTI response reveals all public sectors banks have washed their hands of any responsibility of their customers’ safe deposit lockers
 The RTI applicant, lawyer Kush Kalra, 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
 According to the information availed by the lawyer, the  unanimous reason given by the 19 banks, including Bank of India,  Oriental Bank of Commerce, Punjab National Bank, UCO and Canara, among  others, is that “the relationship they have with customers with regard  to lockers is that of lessee (landlord) and lessor (tenant)” 

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tanker oil spill fire chars over 150 to death in Pak, leaves several critical

An oil tanker overturned and burst into flames as crowds rushed to collect fuel that spilled over on a highway in Pakistan’s Punjab Province, killing over 150 people and injuring more than 140 others, in one of the deadliest accidents in the country.

The Goan Network
Published Jun 26, 2017, 12:40 AM IST
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PTI LAHORE The oil tanker coming from Karachi and headed to Lahore  overturned early this morning on the national highway at the Ahmedpur  Sharqia area of the Bahawalpur district, some 400 km from Lahore, after a  tyre burst and the driver lost control.  The fire was apparently caused by someone who lit a  cigarette after people from nearby localities gathered on the highway to  collect petrol, officials said.  Prime Minister…

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