VERIFIEDMint Money·20 Aug 2026neutral

Gold loan jewellery stolen from bank? Consumer court ruling explains your compensation rights

AI Summary

·A Karnataka consumer commission ruled that banks must compensate for the full value of stolen pledged gold jewellery.
·Compensation includes the gold value, making charges, and stone value.
·Canara Bank was ordered to pay ₹88,362 with 9% interest and additional compensation.