RT Nagar heist: Police turn screws on careless banks

.....While investigating recent robberies of banks in the city, the police have found that all such incidents happened due to the negligence of banks and security agencies who are not following Reserve bank of India’s (RBI) guidelines regarding security arrangements while transporting cash. “Banks and security agencies are not following RBI guidelines because they are insured against losses. If money is stolen or robbed, banks are not bothered because they will get it reimbursed by insurance agencies,” a senior police officer said on the condition of anonymity.........

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