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Banking Ombudsman

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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.
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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.
Banks a lot! COUPLE DISAPPEAR AFTER OVERDRAFT ERROR STICKS pounds ... by The Mirror (London, England)
He traces the development of the banking sector before and after nationalization, the eventual liberalization of banking services (including the development of online and telephone banking), payment and settlement systems, credit information services, changes in the sector's actors (such as mergers, acquisitions and failures), commercial banks in insurance businesses, the banking ombudsman scheme and new generations of banks, corporate governance.
Commercial banks in India; growth, challenges and strategies by Reference & Research Book News
The Reserve Bank of India (RBI) on 14th June 1995 introduced the Banking Ombudsman scheme as a mechanism of effective and economic grievance redressal for bank users.
Lokayukta: as a machinery for redress of public grievances by Deshpande, Anita; Modi, Reema / Madhya Pradesh Journal of Social Sciences
 
 
 
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