Tag: Banking Ombudsman
The Banking Laws (Amendment) Act, 2025 gets President’s assent The President on 15.04.2025 has given assent to the Banking Laws (Amendment) Act, 2025. The Banking Laws (Amendment) Bill, 2024 was introduced in Lok Sabha on August 9, 2024 and passed by Lok Sabha and Rajya Sabha on 03.12.2024 …
The Reserve Bank Integrated Ombudsman Scheme, 2021 launched today The Reserve Bank Integrated Ombudsman Scheme, 2021 was launched today. The Scheme integrates the existing three Ombudsman schemes of RBI namely, (i) the Banking Ombudsman Scheme, 2006; (ii) the Ombudsman Scheme for Non-Banking Financial Companies, 2018; and (iii) the Ombudsman Scheme …
RBI Strengthens Grievance Redressal Mechanism in Banks-Modified disclosures to be given in Annual Report Today, RBI issued a comprehensive framework comprising of enhanced disclosures on complaints to be made by the banks, recovery of the cost of redress of maintainable complaints from the banks against whom the number …
RBI opens third office of the Ombudsman at New Delhi As announced in the Monetary Policy Statement of December 5, 2018, the Reserve Bank of India (RBI) had launched the Ombudsman Scheme for Digital Transactions (OSDT) on January 31, 2019. The Reserve Bank has set up a third …
RBI extends coverage of NBFC Ombudsman Scheme to eligible Non Deposit Taking NBFC Reserve Bank of India (RBI) has extended the coverage of Ombudsman Scheme for Non-Banking Financial Companies (NBFCs), 2018 (the Scheme) to eligible Non Deposit Taking Non Banking Financial Companies (NBFC-NDs) having asset size of Rupees …
RBI launches Ombudsman Scheme for Digital Transactions 2019 The Reserve Bank of India (RBI) has launched the Ombudsman Scheme for Digital Transactions (OSDT) 2019 for redressal of complaints against System Participants as defined in the said Scheme. The Scheme, launched under Section 18 of the Payment and Settlement Systems Act, 2007, …
Reserve Bank introduces Ombudsman Scheme for Non-Banking Financial Companies As announced in the Monetary Policy Statement of February 7, 2018, the Reserve Bank of India has launched the Ombudsman Scheme for Non-Banking Financial Companies (NBFC) for redressal of complaints against NBFCs registered with RBI under Section 45-IA of the …
Banking Ombudsman Scheme 2006 amended by RBI to cover insurance mutual fund sale and other third party investment products sold by banks Reserve Bank of India Date : Jun 24, 2017 RBI amends Banking Ombudsman Scheme: Includes Complaints relating to Misselling and Mobile/ Electronic Banking The Reserve Bank …
