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      Question

      The Banking Ombudsman Scheme is applicable

      to:
      A NBFCs Correct Answer Incorrect Answer
      B Cooperative societies Correct Answer Incorrect Answer
      C Only private banks Correct Answer Incorrect Answer
      D Scheduled commercial banks and some cooperative banks Correct Answer Incorrect Answer
      E All financial intermediaries Correct Answer Incorrect Answer

      Solution

      The Banking Ombudsman handles complaints against scheduled commercial banks and select cooperative banks under RBI jurisdiction.

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