Daijiworld Media Network – Udupi (NR)
 
Udupi, Feb 6: A legal awareness programme for bank managers was organized by the District Legal Services Authority (DLSA), Udupi Advocates Association (UAA), and Syndicate Bank, here on Tuesday February 5.  
 
Speaking on the occasion after inaugurating the function district and sessions judge K N Phaneendra opined that bank managers should have adequate knowledge of certain laws such as Transfer of Properties Act, Mortgage and Negotiable Instrument Act etc. 

Very often several cases of circulation of counterfeit currency come to the light.  But Phaneendra rued that most of the times bank managers do not file police complaints when they come across counterfeit currency deposited by a customer, as they are often afraid that it would lead to legal hassles.  

The sessions judge clarified that if a counterfeit currency note is taken in “good faith” by the bank, then it cannot be construed as an offence. However, it was incumbent on the bank to prove that it was taken in good faith, he pointed out.  

Another speaker on the ocassion additional civil judge (senior division) A.M. Ramachandrayya informed that banks should take the help of Lok Adalats to solve disputes (if any) with their customers and clients.  

President of Advocates’ Association Mattar Ratnakar Hegde urged the banks not to harass their customers while releasing loans.