Question
In which year was the Banking Ombudsman Scheme
launched?Solution
The Banking Ombudsman Scheme was first notified by the RBI in 1995 under Section 35A of the Banking Regulation Act, 1949. Until the launch of the Integrated Ombudsman Scheme, 2021 the Banking Ombudsman Scheme 2006 (as amended in 2017) along with other services were in operation.Â
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After the December 2025 MPC meeting, what is India’s revised repo rate?Â
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