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In November 2021, RBI came out with the Integrated Ombudsman Scheme 2021 which integrated the three Ombudsman schemes of RBI namely, (i) the Banking Ombudsman Scheme, 2006; (ii) the Ombudsman Scheme for Non-Banking Financial Companies, 2018; and (iii) the Ombudsman Scheme for Digital Transactions, 2019. The Scheme covers the following regulated entities : i. all Commercial Banks, Regional Rural Banks, Scheduled Primary (Urban) Co-operative Banks and Non-Scheduled Primary (Urban) Co-operative Banks with deposits size of Rupees 50 crore and above as on the date of the audited balance sheet of the previous financial year; ii. all Non-Banking Financial Companies ( excluding Housing Finance Companies ) which (a) are authorised to accept deposits; or (b) have customer interface, with an assets size of Rupees 100 crore and above as on the date of the audited balance sheet of the previous financial year; iii. all System Participants as defined under the Scheme.
A, B and C hired a taxi for Rs. 720 and used it for 3, 4, 5 hours respectively. Hiring charges paid by B are:
'A' and 'C' started a business by investing Rs. 11,000 and Rs. 13,000, respectively. Seven months later, they invited 'B' to join the business who inves...
‘A’, ‘B’ and ‘C’ entered into a partnership by making investments in the ratio 5:3:9, respectively. At end of the year, if the difference be...
'A' initially invested 75% of the total capital in a business. After 4 months, 'C' joined, and at that point, 'A's investment became 50% of the total ca...
Ajay and Akash together start a business with investment of Rs. 1500 and Rs. ‘x + 1300’, respectively. If the profit earned after 5 years is...
A and B started a business by investing Rs.500 and Rs.600 respectively. After 4 months, A increased his investment by Rs.900. Find the ratio of annual ...
A, B and C started a business with initial investments of Rs. 4,000, Rs. 4,500 and Rs. 5,500 respectively. After one year, A, B and C made additional in...
If the ratio of time periods of investment of A and B is 3:5, profit at the end of the year is Rs.120000 and A’s share in it is Rs.20000, then what is...
A and B started a business by investing Rs.450 and Rs.550 respectively. After 8 months, A increased his investment by Rs.850. Find the ratio of annual p...
'A' and 'B' invested Rs. 16,000 and Rs. 12,000, respectively, in a business. After 8 months, 'A' added Rs. 8,000 to his investment, while 'B' withdrew R...
