Un­safe banks

The Free Press Journal - - EDIT -

Bank bur­glary where thieves tun­nel 25 feet into bank to loot lock­ers in Juhi­na­gar, Navi Mumbai of Bank of Bar­oda branch comes as a shock. Se­cu­rity at banks to­day is neg­li­gi­ble & tun­nelling ac­tiv­i­ties that go unnoticed speak poorly about the se­cu­rity & in­tel­li­gence of our armed agen­cies that are sup­posed to guard our fi­nan­cial in­sti­tu­tions. Our valu­ables are safer in our homes than in bank lock­ers. Locker rents of most banks have in­creased multi-fold, but safety stan­dards to­day are at all-time low.‘Your valu­ables in bank lock­ers are your re­spon­si­bil­ity’ say bank­ing

reg­u­la­tions which makes one won­der why we pay huge fees to rent lock­ers in banks. The banks should be made li­able of neg­li­gence in cases of locker thefts when cus­tomers pay fees for the safe­guard of their valu­ables in bank prop­erty. RBI too should look into the safety mea­sures when­ever they give per­mis­sion for bank branches to be opened in re­mote ar­eas.

— Satya­narayan Kabra

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