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Lost Property Documents: ICICI Bank Asked To Pay Rs25 Lakh Compensation; Reconstruct and Hand Over Duly Certified Copies to Borrower

Coming down heavily on ICICI Bank Ltd for not keeping safe an original property document of a borrower and trying to shift the liability to a courier company, the national consumer disputes redressal commission (NCDRC) says the safe custody of the original title documents to the property are the liability of the Bank. It also directed ICICI Bank to pay Rs25 lakh as compensation and Rs50,000 litigation costs to the borrower. ....

Andhra Pradesh , Subhash Chandra , Manoj Madhusudhanan , Bank Ltd , Blue Dart Express Ltd , Blue Dart Express , Blue Dart , Mutual Fund Returns , Ank Fixed Deposits , Nvestor Returns , Ortfolio Allocation ,

ncdrc: NCDRC imposes Rs 25 lakh fine on ICICI Bank for losing customer's property documents

The National Consumer Disputes Redressal Commission (NCDRC) has ordered ICICI Bank to pay Rs 25 lakh as compensation for losing the original property title documents of a customer who had deposited them with the bank for a housing loan. The bank had informed the customer that the documents were lost in transit. ....

Andhra Pradesh , Subhash Chandra , Manoj Madhusudhanan , Swetank Shantanu , National Consumer Disputes Redressal Commission , Member Subhash Chandra , Banking Ombudsman , Icici Bank , Housing Loan ,

NCDRC imposes Rs 25 lakh fine on ICICI Bank for losing customer's property documents, ET RealEstate

ICICI Bank: Presiding Member Subhash Chandra was hearing the complaint seeking compensation for deficiency in services. It was filed by Manoj Madhusudhanan through advocate Swetank Shantanu. ....

Andhra Pradesh , Subhash Chandra , Swetank Shantanu , Manoj Madhusudhanan , National Consumer Disputes Redressal Commission , Member Subhash Chandra , Banking Ombudsman , Icici Bank , Consumer Forum , Roperty Documents With Bank , Banking Ombudsman ,

NCDRC Orders ICICI Bank To Pay Rs 25 Lakh Compensation For Losing Property Title Documents

NCDRC Orders ICICI Bank To Pay Rs 25 Lakh Compensation For Losing Property Title Documents
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Andhra Pradesh , New Delhi , Swetank Shantanu , Manoj Madhusudhanan , National Consumer Commission , National Consumer Disputes Redressal Commission , Banking Ombudsman ,

NCDRC imposes Rs 25 lakh fine on ICICI Bank for losing customer's property documents

NCDRC imposes Rs 25 lakh fine on ICICI Bank for losing customer's property documents
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Andhra Pradesh , Subhash Chandra , Swetank Shantanu , Manoj Madhusudhanan , National Consumer Disputes Redressal Commission , Member Subhash Chandra , Banking Ombudsman ,