Welcome to ixamBee
Continue with your mobile number
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. A Credit Information Company (CIC) is an organization which collects and analyses credit and loan related data about individuals and companies and generates its products and services on the basis of this data. This data is provided to CICs by their member banks and other financial institutions. Reserve Bank-Integrated Ombudsman Scheme (RB-IOS) A Scheme for resolving customer grievances in relation to services provided by entities regulated by Reserve Bank of India in an expeditious and cost-effective manner under Section 35A of the Banking Regulation Act, 1949 (10 of 1949), Section 45L of the Reserve Bank of India Act, 1934 (2 of 1934) and Section 18 of the Payment and Settlement Systems Act, 2007 (51 of 2007).
In the case of Ram Chandra Vs. Man Singh 1968 , the Supreme Court has held that a decree passed against a minor without appointment of a guardian is- ...
In which of the following cases did the Apex court of India decide that sovereign immunity of the state is subject to the part IV of the Indian constitu...
When a fact is said to be “Not proved” as per Indian Evidence Act?
The ________________ shall extend all assistance and co-operation to the Agency for investigation of the Scheduled Offences
When should a person be reimbursed for paying money which is due to be paid by another?
Contract for sale as under section 54 of the Transfer of Property Act, 1882 provides for_______.
Who has the power to suspend the operation of the Banking Regulation Act, 1949?
Professional communications between a client and his attorney are protected :
Rahul makes a contract with Ajay to beat his business competitor. This is an example of
Who can become a partner in a Limited Liability Partnership?
