Banking Ombudsman Scheme Current Affairs, GK & News
Rise in Banking Ombudsman complaints
The Reserve Bank of India (RBI) released its “Annual Report of the Ombudsman Schemes for the year 2020-21”, highlighting a rise in Banking Ombudsman complaints. Key Findings of the report During April 2020-March 2021, report witnessed a 22.27 per cent increase in number of complaints under various ombudsman schemes. ATM & debit cards, mobile banking ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs - 2022 • Reports & Indexes Current Affairs
Topics: Annual Report of the Ombudsman Schemes • Banking Ombudsman Scheme • Reserve Bank of India (RBI) • Rise in Banking Ombudsman complaints
Government amends Insurance Ombudsman Rules, 2017
The Union Government has amended the “Insurance Ombudsman Rules, 2017” on March 2, 2021. Highlights The ombudsman rules were amended with the objective of improving the working of ‘Insurance Ombudsman mechanism’. This will help in facilitating the resolution of the complaints with respect to the deficiencies in insurance services in a cost-effective and impartial manner ..
Month: Current Affairs - March, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: Banking Ombudsman Scheme • Council for Insurance Ombudsman • Insurance Ombudsman • Insurance Ombudsman Rules 2017
RBI to adopt “One Nation One Ombudsman” approach
The Reserve Bank of India (RBI) has announced that it will integrate the consumer grievances redressal under a single ombudsman as opposed to the three grievance redressal schemes working at present. Key facts Currently, there are dedicated ombudsman schemes for the consumer grievance redressal in the banking, non-bank finance companies and digital transactions. Now, the ..
Month: Current Affairs - February, 2021
Category: Economy & Banking Current Affairs - 2022
Topics: 2006 • Banking Ombudsman Scheme • e-Integrated Ombudsman Scheme • Grievance • Grievance Redressal Mechanism • One Nation One Ombudsman • Reserve Bank of India (RBI)