 "RBI")
The Reserve Bank of India (RBI) on Monday released the annual report of its Ombudsman Scheme. For the first time, the central bank is merging all its ombudsman offices that used to separately cater to banking, non-bank, and online payments complaints into one unified scheme. The report covers the period between July 1, 2019, and June 30, 2020.
There was an increase of 64.97 per cent in the receipt of complaints under the three ombudsman schemes, from 200,362 in 2018-19 to 330,543 in 2019-20. Of these, 86.19 per cent were received electronically and via email.
Disposal rate of more than 92 per cent was achieved, according to the RBI. The report said 72.27 per cent of the maintainable complaints were resolved through mediation and conciliation. The major grounds of complaints were ATM/debit card related, on mobile/electronic banking, and non-observance of fair practices code.
There was an increase of 64.97 per cent in the receipt of complaints under the three ombudsman schemes, from 200,362 in 2018-19 to 330,543 in 2019-20. Of these, 86.19 per cent were received electronically and via email.
Disposal rate of more than 92 per cent was achieved, according to the RBI. The report said 72.27 per cent of the maintainable complaints were resolved through mediation and conciliation. The major grounds of complaints were ATM/debit card related, on mobile/electronic banking, and non-observance of fair practices code.
