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NCDRC Imposes Rs 25 Lakh Fine on ICICI Bank for Losing Customer's Orginal Property Document
Posted
September 5, 2023
Views
357
Likes
3
Engagement
0.84%
September 5, 2023
357
3
0.84%
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1:54Now PlayingThe National Consumer Disputes Redressal Commission (NCDRC) has imposed a fine of Rs 25 lakh on ICICI Bank for losing a customer's original property documents. The court found the bank guilty of deficiency in services and directed them to pay a substantial compensation of Rs 25 lakh to the customer. The incident highlights the importance of banks and financial institutions taking adequate measures to safeguard the documents and assets of their customers.ICICI Bank is India's largest private sector lender and has been in the news for other reasons as well. In 2014, the Reserve Bank of India (RBI) fined ICICI Bank and Bank of Baroda over fake customers
#icic #ncdrc #rbi #homeloan #consumerrights
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