Question
What is the fundamental nature and definition of an
Integrated Banking Ombudsman?Solution
An Ombudsman is a quasi-judicial body set up by the central bank (RBI in India) to serve as an independent dispute resolution authority, keeping it outside the formal structure of commercial banks and mainstream civil courts.
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...
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I. The Building of the institute was b...
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I. The r...
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Statement: The rail security helpline was flooded with complaints on catering and cleanliness in the trains.
I. Railways has initiated a new he...
Statement : The mutual fund market is growing at more than 30% in terms of new assets under management.
I . People are slowly moving from inves...
