Canara Bank
Not Verifying Customer's Signature

My mother was holding a DeMat Account with the aforesaid Bank. An Agent by name Mani Suresh operated my mother's share transfers by using his Trading Account. One fine day this bloody person transferred her dematted shares to his trading account by forging her Signature in Canara Bank's leaflets supposed to be in her name & sold / transferred these stocks to his Accounts at NAVIA MARKETS, RELIGARE & INTEGRATED ENTERPRISES. Running to an amount of 4-5 Lakhs my mother was dependent on this money for her son's education, House Expenses for Survival including Medical Emergencies. What Bank would allow this without verifying the signature of the customer & without the presence of the customer how could they transfer to some Tom Dick & Harry. Can't anybody have questioned this cheat about the presence of the customer & had they been sincere they would have double checked the signature and we would be saved from all the trouble.

Company: Canara Bank
Country: India

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