RBI weighs uniform compensation policy for consumer grievances

The RBI is proposing a uniform compensation policy for all regulated entities and considering additional payouts for complaints resolved by its ombudsman, aiming to bolster customer grievance redressal. While banks largely back a uniform approach, they oppose extra compensation at the regulator's level, citing potential for exaggerated claims.

from News-Economic Times https://ift.tt/jzKVXh6
via IFTTT

Comments

Post a Comment

Popular posts from this blog

British PM Keir Starmer attempts post-Brexit reset with Europe visits

British Prime Minister Keir Starmer is in Germany and will visit France to focus on post-Brexit relationships. He met German Chancellor Olaf Scholz to discuss a new bilateral treaty aimed at boosting trade, defense cooperation, and tackling illegal migration. Starmer aims to rebuild vital European relationships for economic growth and joint action on pressing issues. from News-Economic Times https://ift.tt/9DARoXP via IFTTT
Read more