Economics · Banking Sector in India
What is the primary function of a Banking Ombudsman?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To resolve grievances and complaints of bank customers✓
- 2To sanction commercial bank loans for transport vehicles
- 3To determine interest rates for loans
- 4To issue licenses for opening new bank branches
Correct answer
To resolve grievances and complaints of bank customers
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