Finance Minister Nirmala Sitharaman clarifies banks cannot see locker contents, ruling out differential insurance. Standard coverage remains 100x locker rent.

Bank lockers: The finance minister said the standard coverage for locker holders is fixed at 100 times the annual locker rent ...

Finance Minister Nirmala Sitharaman clarified in the Lok Sabha that banks cannot see or record the contents of customer lockers, hence standardised insurance ...

Finance Minister Nirmala Sitharaman said banks cannot access or record locker contents as it violates rules. She ruled out differential insurance based on stored valuables, stating compensation remain ...

Banks provide locker holders compensation fixed at 100 times the annual locker rent in case of loss, Nirmala Sitharaman said ...

Nirmala Sitharaman said banks operate under a strict legal and regulatory framework to ensure the safety and confidentiality of customer data.

Nirmala Sitharaman clarified in the Lok Sabha that standard insurance coverage for bank lockers is fixed at 100 times the ...

The Union government has defended the existing cap on compensation for loss of valuables kept in bank lockers, stating in Parliament that banks neither assess nor have knowledge of the contents stored ...

Replying to a supplementary question in Lok Sabha, the Finance Minister says the standard coverage for locker holders is fixed at 100 times the annual locker rent in case of any loss ...

Banks cannot see or record what valuables customers store in lockers, as it would lead to a breach of banking regulations, Finance Minister Nirmala Sitharaman said on Monday, ruling out differential ...

Finance Minister Nirmala Sitharaman stated that banks are unable to know or record what customers store in lockers, ruling out insurance coverage based on contents due to regulations. She confirmed ...