- Home
- Current Questions
- Banking Ombudsman
Banking Ombudsman
With reference to the Institution of Banking Ombudsman in India, which one of the following statements is incorrect?
| A |
The service provided by the Ombudsman is free of cost.
|
|
| B |
The Banking Ombudsman is appointed by the Indian Bank Association.
|
|
| C |
The order passed by the Ombudsman is not final and binding on the party
|
|
| D |
Non-resident Indian having account in India can file complaints with the Ombudsman.
|
|
Your Ans is
Right ans is B
Your Answer Is Correct
Your Answer Is Wrong
Explanation :
- Ombudsman is appointed by RBI for the tenure of 3 years and he is eligible for reappointment.
- The decision of Ombudsman is not final and binding as the aggrieved party can approach tribunals etc. if he is not satisfied with the decision of Ombudsman.
- The service provided by Ombudsman is free of cost
- The Banking Ombudsman can consider complaints from Non-Resident Indians having an account in India.
News Crux
News Crux
News Crux
- Appointment & Resignation
- Art/Culture/Heritage
- Awards In News
- Bill/Act/Amendment
- Defence
- Defence/Military Exercises
- Famous Books
- Important Days/Weeks
- Important Decade
- Miscellaneous
- Obituary
- Organisation In News
- Persons In News
- Places In News
- Plans & Policy
- Reports/Committee/Commission
- Scheme & Programme
- Species In News
- Summit, Seminars & Conferences
- Survey/Index
- Web Portal & Apps
State In News
State In News
State In News
- Andhra Pradesh
- Arunachal Pradesh
- Assam
- Bihar
- Chhattisgarh
- Delhi
- Goa
- Gujarat
- Haryana
- Himachal Pradesh
- Jammu And Kashmir
- Jharkhand
- Karnataka
- Kerala
- Ladakh
- Madhya Pradesh
- Maharashtra
- Manipur
- Meghalaya
- Mizoram
- Nagaland
- Odisha
- Punjab
- Rajasthan
- Tamil Nadu
- Telangana
- Tripura
- Uttar Pradesh
- Uttarakhand
- West Bengal
