The Reserve Bank of India has appointed Shri M. V. S. Chalapathi Rao as the Banking Ombudsman for the states of Orissa with effect from February 13, 2003. As Banking Ombudsman, Shri Chalapathi Rao will have his office at the Reserve Bank of India Building, Pt. Jawaharlal Nehru Marg, Bhubaneshwar-751 001.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relating to banking

The Reserve Bank of India has appointed Shri N. Gopalan as the Banking Ombudsman for the states of Madhya Pradesh and Chattisgarh with effect from February 1, 2003. As Banking Ombudsman, Shri Gopalan will have his office at the Reserve Bank of India Building, Hoshangabad Road, Bhopal-462 001.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relating to banking services. It

The Reserve Bank of India has appointed Shri S. L. Parmar as the Banking Ombudsman for the state of Rajasthan with effect from February 3, 2003. As Banking Ombudsman, Shri Parmar will have his office at the Reserve Bank of India Building, Tonk Road, Jaipur-302 004.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relating to banking services. Its scope of authority and fun

The Reserve Bank of India has appointed Shri D. T. Pai as the Banking Ombudsman for the states of Uttar Pradesh (excluding the district of Ghaziabad) and Uttaranchal with effect from January 21, 2003. As Banking Ombudsman, Shri Pai will have his office at the Reserve Bank of India Building, M. G. Road, Kanpur-208 001.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relati

The Reserve Bank of India has appointed Shri M.P. Bezbaruah as the Banking Ombudsman for the states of Delhi, Haryana, Jammu and Kashmir and Ghaziabad district of Uttar Pradesh with effect from January 15, 2003. As Banking Ombudsman, Shri Bezbaruah will have his office at Jeevan Bharati Building, Cannaught Circus, New Delhi -110 011.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of g

The Reserve Bank of India has appointed Shri S.K.Mukerji as the Banking Ombudsman for the state of Karnataka with effect from January 7, 2003. As Banking Ombudsman, Shri Mukherji will have his office at Reserve Bank of India Building, Nrupathunga Road, Bangalore-560 001.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relating to banking services. Its scope of authority a

The Reserve Bank of India has appointed Shri S. Krishnamurthy as the Banking Ombudsman for the state of Tamil Nadu, Union Territories of Pondicherry, Andaman and Nikcobar Islands with effect from December 26, 2002. As Banking Ombudsman, Shri Krishnamurthy will have his office at Kuralagam Building, Esplanade, Chennai.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relati

The Reserve Bank of India has appointed Shri P R Gopala Rao as the Banking Ombudsman for the state of Andhra Pradesh with effect from December 19, 2002. As Banking Ombudsman, Shri Rao will have his office at the Reserve Bank of India, Hyderabad.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relating to banking services. Its scope of authority and functions include redre

The Government of India had constituted a Working Group to study Lenders' Liability Laws of other countries and their implications on the borrowers, lenders, regulators and other stakeholders and to make recommendations regarding legislative proposals suitable for Indian conditions. The Group submitted its report in October 2002. After considering the pros and cons of the issue, the Group has recommended that for the time being a Fair Practices Code may be framed by t

After review of the Banking Ombudsman Scheme, 1995 the Reserve Bank of India has now decided to introduce the Banking Ombudsman Scheme, 2002 with wider coverage and enlarged authority/functions to the Ombudsman. The new scheme will come into effect from today i.e. June 14, 2002.The Banking Ombudsman Scheme, 1995 was formulated by the Reserve Bank of India to provide an expeditious redressal grievance mechanism to bank customers. The Banking Ombudsman Scheme which beca