Question

    The appellate authority to which an appeal can be filed against any award of the Banking Ombudsman?

    A The Finance Minister Correct Answer Incorrect Answer
    B The RBI Governor Correct Answer Incorrect Answer
    C One of the Deputy Governors of RBI Correct Answer Incorrect Answer
    D The Prime Minister Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Any complaint filed with the Banking Ombudsman should be settled within 30 days from the date of such complaint, failing which, an award is passed by the ombudsman. In case of grievance against the decision of the ombudsman, one can approach the appellate authority within 30 days. The appellate authority is vested with one of the Deputy Governors of the RBI in this case.

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