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 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......
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......
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......
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......
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......
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......
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:......
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......
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......
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......