Gold jewellery stolen after being pledged for a loan: What must the bank pay the borrower? Consumer commission answers

livemint.com 30 h India

A Karnataka consumer commission has ruled that banks may have to compensate gold-loan borrowers for more than the net gold value if pledged jewellery is stolen while in bank custody. The borrower was awarded ₹88,362 towards making charges and stone value, besides compensation and litigation costs.

Aggregated from the leading newsrooms of the country. Every story links to its original source.