Advertisement

Yi X v. Industrial and Commercial Bank of China Limited Panjin Branch (Dispute over Bank Card)—Banks Should Exercise Their Duty of Utmost Care and Risk Warning When Receiving Deposits from Depositors

  • Dian LuoEmail author
  • Chengpeng Xing
Chapter
Part of the Library of Selected Cases from the Chinese Court book series (LSCCPC)

Abstract

Banks have strict security obligation for depositors’ deposits. When conducting business, depositors shall exercise reasonable and diligent care corresponding to their expected income business. However, as professional institutions conducting financial business, banks are in an obviously dominant and advantageous position when conducting savings and other business for natural persons, who on the other hand are in a relatively controlled and disadvantageous position. Bank staff, therefore, should strictly abide by the workflow and business operation norms, strengthen internal management, and exercise their duty of utmost care and risk warning when conducting business for customers.

Copyright information

© Law Press China 2020

Authors and Affiliations

  1. 1.The Supreme People’s Court of the People’s Republic of ChinaBeijingChina

Personalised recommendations