Banking Ombudsman Scheme Current Affairs, GK & News

Government amends Insurance Ombudsman Rules, 2017

March 3, 2021

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 ..

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RBI to adopt “One Nation One Ombudsman” approach

February 6, 2021

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 ..

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