business ๐ Bank lockers not as safe as they seem in Kanpur case ๐
A woman reported Rs 50 lakh worth of jewellery missing from her bank locker in Kanpur. This incident involves the State Bank of India, where the locker was opened in 2003. The case highlights that banks don't keep an inventory of locker contents. If the bank is negligent, liability is capped at 100 times the annual locker rent. Therefore, a bank locker does not provide the same protection as insurance.