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The Times of India
The Times of India
Business
PTI

Banks get time till December-end to execute revised agreement with locker holders

RBI Mumbai

MUMBAI: The RBI on Monday extended the time till December-end for banks to enter into revised agreements with safe deposit locker holders as a large number of customers are yet to do so.

In August, 2021 the Reserve Bank of India (RBI) had asked banks to enter into revised agreements with the existing locker holders by January 1, 2023 in view of various developments in the area of banking and technology, nature of consumer grievances and also the feedback received.

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