The Reserve Bank of India has appointed Shri Rajendra Singh as the Banking Ombudsman for the state of Rajasthan with effect from January 5, 2004. As Banking Ombudsman, Shri Singh will have his office at Reserve Bank of India Building, Rambagh Circle, 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 autho

'The regulatory guidelines can at best represent the minimum requirements which the supervisor expects each bank to achieve. The sophisticated banks have to set their own standards for risk management depending on their risk appetite, the products, the portfolios and the markets in which they operate'. This was stated by Smt.K.J. Udeshi, Deputy Governor, Reserve Bank of India. She was delivering the inaugural address at a Conference on Banking and Trade Finance. The C

The Reserve Bank of India has appointed Shri N. Sadasivan as the Banking Ombudsman for the states of Maharashtra and Goa with effect from October 1, 2003. As Banking Ombudsman, Shri Sadasivan will have his office at Garment House, Dr. Annie Besant Road, Worli, Mumbai 400 018.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 author

It has come to the notice of the Reserve Bank of India (RBI) that a financial company attempted to mislead the public through a misrepresentation of the power of attorney registered with the RBI as the RBI’s registration for conducting business.The RBI has clarified that its Public Debt Office (PDO) routinely registers documents, such as, resolutions and specimen signatures, certificates of change in name, power of attorney, etc., in its books to any holder of governm

The Reserve Bank of India has appointed Shri V. Krishnamurthy as the Banking Ombudsman for the state of Kerala and Union Territory of Lakshadweep with effect from September 11, 2003. As Banking Ombudsman, Shri Krishnamurthy will have his office at Reserve Bank of India Building, Bakery Junction, Thiruvananthapuram-695 033..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

The Reserve Bank of India has appointed Shri P. K. Datta as the Banking Ombudsman for the states of Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura with effect from August 1, 2003. As Banking Ombudsman, Shri Datta will have his office at Reserve Bank of India Building, Station Road, Pan Bazar, Guwahati-781 001.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal

The Reserve Bank of India has appointed Shri P. S. Cheema as the Banking Ombudsman for the states of Bihar and Jharkhand with effect from June 16, 2003. As Banking Ombudsman, Shri Cheema will have his office at Biscomaun Towers, 2nd Floor, West Gandhi Maidan, Patna-800 001.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 authorit

The Reserve Bank of India has appointed Shri S. Govindarajan as the Banking Ombudsman for the states of Himachal Pradesh, Punjab and Union Territory of Chandigarh with effect from May 22, 2003. As Banking Ombudsman, Shri Govindarajan will have his office at the Reserve Bank of India Building, New Office Building, Sector 17, Central Vista, Chandigarh-160017.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and

The Reserve Bank of India has published a report on review of the Banking Ombudsman Scheme 1995 for the period 1998-99 to 2001-02. According to this report, the number of complaints received during the periods 1999-2000, 2000-01 and 2001-02 stood at 4994, 5803 and 5907 respectively. Comparable figure for the year 1998-99 (April-March) was 6062. As compared to the complaints received during 1998-99, there is a decrease of 2.5 per cent during 2001-02. The maximum number

The Reserve Bank of India has appointed Shri H. W. T. Syiem as the Banking Ombudsman for the states of Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura with effect from February 13, 2003. As Banking Ombudsman, Shri Syiem will have his office at the Reserve Bank of India Building, Station Road, Guwahati-781 011.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal