Gold jewellery gone in bank robbery: Will bank repay?
A resident of Tumkur, Karnataka, recently found himself in a dispute with Canara Bank after his gold jewellery, pledged for a gold loan, was stolen by robbers. The man, who had opened two gold loan accounts in August 2017, sought repayment of the full loan amount, including making charges and stone value, rather than just the value of the gold.
The Karnataka States Disputes Redressal Commission has now ruled that the bank is indeed liable to pay the full amount, including these additional charges, if the jewellery is stolen.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
