The Reserve Bank-Integrated Ombudsman Scheme (RB-IOS) 2021, covers Regulated Entities (REs) such as scheduled commercial banks including urban cooperative banks, non-banking financial companies (NBFCs) and non-scheduled primary co-operative banks with a deposit size of ₹50 crore and above. In order to make the RB-IOS more broad based, it has been decided to bring Credit Information Companies (CICs) also under the ambit of RB-IOS 2021. This will provide a cost free alternate redress mechanism to customers of REs for grievances against CICs. Further, with a view to strengthen the internal grievance redress of the CICs and to make it more efficient, it has also been decided to bring the CICs under the Internal Ombudsman (IO) framework
In a Bank Guarantee transaction, which parties are typically involved?
Price risk is the risk of a decline in the value of a security or a portfolio. How can one transfer price risk?
Following information is available regarding an organization:
Direct material purchased: 1,50,000
Direct material consumed: 80,000
...
Which banking transaction provides a secure location for customers to store valuable items such as documents, jewelry, or collectibles?
Time of supply means
Which IND AS governs accounting for insurance transactions in India?
The company should file form _______ with the board resolution and with prescribed fee to the Central Government for appointment of the cost auditor.
What is a reverse auction?
Annual Return is to be filed by every company within ________ days of its Annual general meeting.
Which of the following functions are not performed by servers?
