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Banking Ombudsman

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Bank customer has zero liability for unauthorised transaction: HC

A customer has zero liability when an unauthorised transaction occurs due to a third party breach where the deficiency lies not with the bank or customer but somewhere in the system, the Bombay......

Former SC judge AM Khanwilkar sworn in as Lokpal chairperson

Former Supreme Court judge Ajay Manikrao Khanwilkar was administered the oath of office as the chairperson of the anti-corruption ombudsman Lokpal by President Droupadi Murmu in New Delhi on......

Govt allocates Rs 928 cr to CBI, down by Rs 40 cr from FY 2024

The Centre has allocated Rs 928.46 crore to the Central Bureau of Investigation in the Union Budget 2024-25 announced by Finance Minister Nirmala Sitharaman on Thursday, a snip of over Rs 40.4......

SC asks Lokpal search panel to recommend names by Feb end

The Supreme Court on Thursday requested the search committee on Lokpal to recommend by the end of February a panel of names for appointing the country's first anti-graft ombudsman. A bench headed......

Prasar Bharti chief, ex-SBI head in Lokpal search committee

The Modi government on Thursday constituted an eight-member search committee, to be headed by former Supreme Court judge Justice Ranjana Prakash Desai, to recommend the chairperson and members of......

New market code may constrain Sebi funding

As the government moves to revamp India’s securities legislation, unifying three different laws into the Securities Markets Code (SMC), regulatory experts and ma­rket insiders have raised......

Banking Ombudsman gets 2,512 card complaints

The New Delhi office of Banking Ombudsman received 2,512 credit card related complaints between July 1, 2008 and June 30, 2009, the government informed Rajya Sabha. At the same time there were few......

How RBI Governor Fared In The First Year

Sanjay Malhotra has made structural changes to banking regulation to bring down costs and increase efficiency. Plus, he kicked off a benign interest regime. But there are challenges ahead. IMAGE:......

Improve Customer Service, Banks Told, Or Else!

In 2023-2024, 95 scheduled commercial banks received over 10 million complaints from their customers.The process of KYC at many banks has become 'HYC' -- harass your customer, points out Tamal......

RBI widens ombudsman's scope

The Reserve Bank of India announced a revised banking ombudsman scheme. The new scheme will include customer complaints on new areas, like credit card complaints, deficiencies in providing the......

BCCI set for major changes at AGM, president may no longer approve team

IMAGE: BCCI president Shashank Manohar, left, with secretary Anurag Thakur. Photograph: PTI As a follow-up to the views expressed by Shashank Manohar soon after being re-elected as BCCI president......

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World Test Championship 2023

India held the top position in the ICC Men's Test Team Rankings while Australia secured the...

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Complete Coverage of Indian cricket team's encounter with Sri Lanka during 3rd Jan - 15th Jan 2023.

GUJARAT, HIMACHAL GO TO POLLS

The Bharatiya Janata Party was on Thursday poised for a landslide victory in Gujarat to retain...
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