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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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