Question
What is the primary objective of the Banking Ombudsman
Scheme introduced by the RBI?Solution
The Banking Ombudsman Scheme was introduced by the Reserve Bank of India (RBI) in 1995 under the Banking Regulation Act, 1949. Its objective is to offer a quick, cost-effective resolution for complaints regarding banking services. The scheme simplifies the grievance redress process by providing a centralized mechanism for customers to register complaints, aiming for a speedy and satisfactory resolution. The Banking Ombudsman, appointed by the RBI, handles complaints through settlement or by issuing an award. The scheme has been revised multiple times, with the latest revision in 2017.
As per section 44 of the Companies Act 2013, The shares or debenture or other interest of any member in a company is movable property transferab...
According to a report by the PHD Chamber of Commerce and Industry (PHDCCI) on 'Viksit Bharat @2047', what is the projected size of the Indian economy by...
What does 'Open interest' in stock market indicate?
1.   Given the following, what is the amount of Capital?
Assets: Premises 20,000; Inventory 8,500; Cash 100.
Liabilities: Trade Payab...
Which of the following best describes the discount factor used in capital investment decision-making ?
Which technique is often used for risks that are high impact or high likelihood and cannot be managed through other techniques
As per the RBI report, what is India's share in the global real-time payments volume?Â
An actively managed Mutual Fund Scheme will not invest in more than ……………….of its NAV in debt and money market securities rated A and below ...
An agreement that is sold over an exchange to buy/sell a financial instrument at a fixed future date is know :
While finalizing the current year's profit, the company realized that there was an error in the valuation of closing Inventory of the previous year. In ...
