General Knowledge · Banking & Financial Awareness

Consider the following statements regarding the administration and powers under the RBI Integrated Ombudsman Scheme: Statement I: The Reserve Bank of India appoints the Ombudsman and Deputy Ombudsman from its own cadre of officers, typically at the level of General Manager or Deputy General Manager, for a fixed tenure. Statement II: The Regulated Entities are required to contribute a proportional annual fee to the RBI to fund the operations of the Ombudsman offices, based on the number of complaints received against them in the previous financial year. Statement III: The Ombudsman has the power to summon any officer of the Regulated Entity to appear in person for the purpose of examination if the written submissions are found to be insufficient for the resolution of the dispute. Which of the statements given above is/are correct?