Don’t miss the latest developments in business and finance.

Citi Bank official to pay Rs 15L for leak of account details

Image
Press Trust of India New Delhi
Last Updated : Jan 25 2013 | 5:33 AM IST

The State Consumer Commission awarded the damages saying the supply of credit card statement details of the card holder to a third party is a "violation of confidential relationship" between the bank and its customer and "betrayal of trust."

"It appears that in the case, the copies of account of the complainant were produced before the civil court. Such accounts are universally treated as confidential account and are not supposed to be supplied to any one without prior approval of the account holder...

"The availability of the said account to a third party, which produced it in the civil court, is therefore a flagrant violation of confidential relationship between a bank and a customer and a betrayal of trust, which not only calls for alarm and dismay but also adequate financial compensation," said the bench presided by Justice Barkat Ali Zaidi.

The commission fixed the liability solely upon the manager of the bank's Punjabi Bagh branch here saying "he has to owe responsibility for all matters relating to the branch".

"The opposite party 1 who is the branch manager has therefore to be held responsible for the leakage," it said adding "opposite party 1 Hemant Kumar, Branch Manager, Citi Bank, will pay Rs 15,00,000 as compensation to the complainant (Amit Mittal)." (More)

  

More From This Section

First Published: Oct 08 2012 | 2:55 PM IST

Next Story