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Who is a Banking Ombudsman?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 shivanshi singh asked almost 3 years ago

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9 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 karthikeya answered over 2 years ago

Hi, Banking Ombudsman is a quasi judicial authority functioning under India’s Banking Ombudsman Scheme 2006, and the authority was created pursuant to a decision made by the Government of India to enable resolution of complaints of customers of banks relating to certain services rendered by the banks. The Banking Ombudsman Scheme was first introduced in India in 1995, and was revised in 2002. The current scheme became operative from 1 January 2006, and replaced and superseded the banking Ombudsman Scheme 2002. From 2002 until 2006, around 36,000 complaints have been dealt by the Banking Ombudsmen. In India, RBI started this scheme in 1995,Banking Ombdusmen have jurisdiction over 1) All commercial banks (scheduled and non scheduled, public and private) 2_Regional rural banks 3) scheduled primary co-operative banks 4) NBFCs (BO’s Jurisdiction limited to “loan” part.) 5) Banking Ombudsman is not a replacement of Consumer forum/courts. He merely supplements them. 6) Banking Ombudsman deals with matters less than or equal to Rs.10 lakhs.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 2 years ago

Hi, The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered almost 3 years ago

[1] Senior Officer [2] it is appointed by Reserve bank of india. [3] it was under the india's banking ombudsman scheme 2006 . [4] it redress the consumer against the deficiency in banking services.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Amit Goyal answered almost 3 years ago

Dear Shivanshi Singh Ji , As Far as your query is concerned with Who is a Banking Ombudsman . Let me informed shivanshi , that Banking Ombudsman Is : - [1] Senior Officer [2] it is appointed by Reserve bank of india. [3] it was under the india's banking ombudsman scheme 2006 . [4] it redress the consumer against the deficiency in banking services. Thanks With Best Regards Amit Goyal

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Aarti Vadnerkar answered almost 3 years ago

Banking Ombudsman is a quasi judicial authority functioning under India's Banking Ombudsman Scheme 2006, and the authority was created pursuant to a decision made by the Government of India to enable resolution of complaints of customers of banks relating to certain services rendered by the banks.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Mohammad Hasan answered almost 3 years ago

Banking Ombudsman is a quasi judicial authority functioning under India’s Banking Ombudsman Scheme 2006, and the authority was created pursuant to a decision made by the Government of India to enable resolution of complaints of customers of banks relating to certain services rendered by the banks. The Banking Ombudsman Scheme was first introduced in India in 1995, and was revised in 2002. The current scheme became operative from 1 January 2006, and replaced and superseded the banking Ombudsman Scheme 2002. From 2002 until 2006, around 36,000 complaints have been dealt by the Banking Ombudsmen.

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Picsjoin 2017224123730582 Archana answered almost 3 years ago

Hie Shivanshi, - The Banking Ombudsman is a **senior official appointed by the Reserve Bank of Indi**a to redress customer complaints against deficiency in certain banking services.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 jitendra etikala answered almost 3 years ago

The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services.

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Open uri20170510 32134 s5bvk0?1494421637 ARJUN PRATAP SINGH answered almost 3 years ago

Dear Friend, as far as your query is concerned that Who is a Banking Ombudsman? Let me informed that The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services. Hope answer was helpful to you Regards, Arjun Pratap Singh

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