Banking Ombudsman Gets More Teeth: Mobile And Electronic Banking Brought Under Purview [Read The Amended Scheme]
aasavri Rai
24 Jun 2017 9:34 PM IST
![Banking Ombudsman Gets More Teeth: Mobile And Electronic Banking Brought Under Purview [Read The Amended Scheme] Banking Ombudsman Gets More Teeth: Mobile And Electronic Banking Brought Under Purview [Read The Amended Scheme]](https://www.livelaw.in/cms/wp-content/uploads/2015/12/Reserve-Bank-of-India-RBI-Cover-pic-min.jpg)
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24 Jun 2017 9:34 PM IST
The Reserve Bank of India has widened the scope of its Banking Ombudsman Scheme 2006, to include, inter alia, deficiencies arising out of sale of insurance/ mutual fund/ other third party investment products by banks.Under the amended scheme, a customer would also be able to lodge a complaint against the bank for its non-adherence to RBI instructions with regard to mobile banking/...
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