Banking Ombudsman

Banking Ombudsman

An institution that receives and deals with disputes related to banking and financial services. Examples of complaints an ombudsman might handle include non-payment of a check and refusal to honor a duly issued letter of credit. Banking ombudsman services exist in countries like the United Kingdom and India, though other nations have similar organizations.
References in periodicals archive ?
The Reserve Bank of India, today, released the Annual Report of the Banking Ombudsman Scheme for the year 2014-2015.
Global Banking News-November 10, 2015--Canadian banking ombudsman wants more powers
He also emphasized active role of Banking Ombudsman to improve the banking system.
However, the bank president submitted an appeal at the banking ombudsman and subsequently the case was assigned to the task force.
Tom Nevin reviews the latest report released by the country's banking Ombudsman.
MANAMA: A Bahraini businessman has called for the introduction of banking ombudsman services and an investor protection board as a precursor to making Bahrain a GCC investment hub.
To this end, he said a bill was before Parliament to appoint a banking ombudsman with clear terms of reference to ensure an equitable restructuring of loans.
PLEASE all Satander business account holders get in touch with the Banking Ombudsman.
Replying to his query, SBP counsel replied that office of the Banking Ombudsman existed but its process was very cumbersome.
of India ( RBI) guidelines on hiring local toughs to recover loans are continuing to pour in with the banking ombudsman.
According to the Office of the Banking Ombudsman, they can, at the most, charge a three-year rental in advance.
New Zealand's banking ombudsman said it was a criminal offence to spend cash mistakenly put into accounts if the holders knew it was not theirs.