Question
Which of the following is NOT correct about Banking Ombudsman (B
- O Scheme? i. It was introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995. ii. One can file a complaint with BO after filing complaint with the concerned bank but has not received satisfactory reply from the bank. iii. Banking Ombudsman is appointed by Reserve Bank of India iv Current Banking Ombudsman Scheme introduced in 2008.
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