Question
Ombudsman act was enacted in the year
______Solution
The Banking Ombudsman Scheme is an expeditious and inexpensive forum for bank customers for resolution of complaints relating to certain services rendered by banks. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995. Presently the Banking Ombudsman Scheme 2006 (As amended upto July 1, 2017) is in operation.
Which of the following Ministry has initiated ground survey of Pey Jal Survekshan?
In India, RBI gives permission to an entity to act as authorized dealers (AD) in foreign exchange. Commercial Banks fall under which category of ADs?...
Which term describes the percentage of each sales rupee that remains after a company has paid for its goods?
According to GFCI 38, which of the following statements is correct?
Which of the following statements is/are correct about Gift City's International Financial Services Centre (IFSC)?
1) It is a global financ...
In the context of Cash Credit (CC) facilities, what does the term 'Drawing Power' refer to?
Under the Basel III guidelines, it is advised to create a countercyclical capital buffer of 0-2.5%. Which of the following is not true about this buffer?
Which of the following best describes a "bulge bracket" investment bank?
Inflation that arises due to rising costs of production inputs such as wages and raw materials is referred to as:
What is the primary objective of the Credit Guarantee Scheme introduced for MSMEs in the Budget 2024-25?
