The Banking Ombudsman Scheme was first introduced by the Reserve Bank of India in which year?
- A.1991
- B.1995
- C.2006
- D.2021
Show answer
The Reserve Bank of India notified the first Banking Ombudsman Scheme in 1995, exercising its powers under Section 35A of the Banking Regulation Act, 1949, to give bank customers a free and quick forum outside the courts.
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