Date : Dec 19, 2017
Reserve Bank of India releases Annual Report of the Banking Ombudsman Scheme 2006
The Reserve Bank of India, today, released the Annual Report of the Banking Ombudsman Scheme for the year 2016-2017.
The Banking Ombudsman Scheme, 1995 was notified by the Reserve Bank of India on June 14, 1995 under section 35A of the Banking Regulation Act, 1949. The aim and objective of the Scheme is to provide a quick and cost free resolution mechanism for complaints relating to deficiency of banking services of common bank customers, who otherwise find it difficult or cost prohibitive to approach any other redressal fora such as courts. The Scheme is applicable to Scheduled Commercial Banks, Scheduled Primary Urban Co-operative Banks and the Regional Rural Banks. The Scheme has undergone several revisions since its inception. Presently, the Banking Ombudsman Scheme 2006, as amended up to July 1, 2017, is in operation. There are 20 Banking Ombudsmen with specific State-wise jurisdiction covering all the States and Union Territories.
Press Release : 2017-2018/1676
Do you think CBDT should extend Tax Audit Report and relevant ITR Due Date? Please Comment, Vote, Retweet and Like.— Tax Guru (@taxguru_in) September 18, 2018