Economics · Banking System in India
Which of the following statements is/are not correct about the Banking Ombudsman Scheme? (A) This scheme was introduced by the RBI under Section 35A of the Banking Regulation Act in 1995. (B) This scheme is for the redressal of customer complaints against deficiency in certain banking services. (C) Under this scheme, banks do not have the option to appeal before the appellate authority.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only (A) and (C)
- 2Only (C)✓
- 3Only (B)
- 4Only (A)
Correct answer
Only (C)
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