https://www.taxtmi.com/news?id=20423 Banks must maintain documented security procedures, train staff, review strong room and locker safeguards, and have internal audit verify compliance; access monitoring by CCTV and burglar alarms is recommended. Bank liability for theft from lockers depends on facts and may be imposed where negligence in security is proved despite lease clauses obliging lessees to insure contents. Compensation follows applicable contractual and civil law principles; no separate legislation is proposed. en-us Sat, 11 Aug 2018 13:39:00 +0530 Sat, 11 Aug 2018 13:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=20423 Banks must maintain documented security procedures, train staff, review strong room and locker safeguards, and have internal audit verify compliance; access monitoring by CCTV and burglar alarms is recommended. Bank liability for theft from lockers depends on facts and may be imposed where negligence in security is proved despite lease clauses obliging lessees to insure contents. Compensation follows applicable contractual and civil law principles; no separate legislation is proposed. News - Sat, 11 Aug 2018 13:39:00 +0530 https://www.taxtmi.com/news?id=20423