Any bank having branches more than ..... need to make internal ombudsman

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Any bank having branches more than ____ need to make internal ombudsman

A	10
B	20
C	50
D	100
E	None

Explanation:

Detailed explanation-1: -The Reserve Bank of India (RBI) has asked all scheduled commercial banks having more than 10 banking outlets to appoint internal ombudsman (IO) in the bank.

Detailed explanation-2: -The Banking Ombudsman may award compensation not exceeding ₹ 1 lakh (₹ One Hundred Thousand) to the complainant for mental agony and harassment.

Detailed explanation-3: -There are 22 regional offices of Banking Ombudsmen in India. The latest offices are opened in Jammu, Raipur, Mumbai-II & New Delhi-III.

Detailed explanation-4: -Desposit-taking NBFCs with 10 or more branches and non-deposit taking NBFCs with assets size of ₹5, 000 crore must appoint an Internal Ombudsman (IO). The RBI has given six months time to follow the directions.

There is 1 question to complete.