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To enhance the effectiveness of its grievance redressal systems, the Reserve Bank of India ( RBI) has urged Credit Information Companies to designate an internal ombudsman ( IO) by April 1, 2023. The Central Bank made the decision in August to include CICs in the scope of the RBI- Integrated Ombudsman Scheme 2021 in order to broaden its appeal. The RBI claimed that the action would give clients of regulated businesses a free alternative dispute resolution method for complaints regarding CICs. Only complaints that the CIC has already reviewed but rejected in whole or in part will be handled by the IO. Direct complaints from complainants or members of the public won't be handled by it.
Who was the Chairman of Hinduja Group and recently passed away in London?
Which Indian organization was certified as a Top Employer 2024?
In the context of the Indian economy, the Reserve Bank of India's report indicating a narrowed current account deficit in Q3 FY24 primarily reflects wha...
What is the significance of India's “Fauna of India Checklist Portal”?
Where was the 3rd Indian Analytical Congress (IAC) inaugurated?
Consider the following Statements and choose the option with wrong Statement(s).
I- PM SVANidhi is a Centrally Sponsored Scheme.
II- It wa...
The Reserve Bank of India (RBI) has come out with a regulatory framework to permit default loss guarantee arrangements in digital lending.According to t...
International Financial Services Centres Authority (IFSCA) has inked an MoU with IHub-Data & ________ to collaborate in supporting and facilitatin...
Consider the following statements regarding the penalties imposed by RBI on certain banks-
I.The Reserve Bank has imposed a Rs 50 lakh penalty on...
Which of the following statements is/are NOT true with respect to the shrinkage of the NBFC loans in the urban areas according to the data provided by t...
