Current Affairs Telugu Daily

RBI launches "Ombudsman" Scheme for NBFCs
The RBI launched ‘Ombudsman Scheme’ for non-banking financial companies (NBFC) for redressal of complaints against them.
“The scheme will provide a cost-free and expeditious complaint redressal mechanism relating to deficiency in the services by NBFCs covered under the Scheme,”. The offices of the NBFC ombudsmen will function at four metro centres—Chennai, Kolkata, Mumbai and New Delhi. They will handle complaints of customers in the respective zones.

The Scheme provides for an Appellate mechanism under which the complainant/ NBFC has the option to appeal against the decision of the Ombudsman before the Appellate Authority.

  • RBI Headquarters: Mumbai
  • Governor: Urjit Patel 

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