fbpx

RBI releases the Annual Report of the Ombudsman Schemes 

  • IASbaba
  • February 24, 2021
  • 0
UPSC Articles
Print Friendly, PDF & Email

RBI releases the Annual Report of the Ombudsman Schemes 

Part of: GS Prelims and GS – III – Economy

In news

  • The Reserve Bank of India (RBI) released the Annual Report of the Ombudsman Schemes for 2019-20 recently.
  • RBI has 3 Ombudsmen- Banking, Non-Banking Finance Company (i.e. NBFC) and digital transactions. 
  • A common man can approach these Ombudsmen for their grievances.
  • These Schemes are being merged and integrated into a single scheme which will be rolled out from June 2021.
  • There was an increase of around 65% in the receipt of complaints. 
  • 92% of them have been resolved.

Related articles:

For a dedicated peer group, Motivation & Quick updates, Join our official telegram channel – https://t.me/IASbabaOfficialAccount

Search now.....