RBI will be monitoring banks on issues pertaining to customer rights in which areas

2016

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

A	Right to fair treatment and transparency
B	Right to privacy
C	Right to suitability
D	All of the above

Explanation:

Detailed explanation-1: -Overview. Under the Reserve Bank of India, Act, 1934 (RBI Act, 1934) (as amended in 2016), RBI is entrusted with the responsibility of conducting monetary policy in India with the primary objective of maintaining price stability while keeping in mind the objective of growth.

Detailed explanation-2: -These include right to fair treatment, right to transparency, fair and honest dealing, right to suitability, right to privacy and right to grievance redress and compensation.

Detailed explanation-3: -An Act to constitute a Reserve Bank of India. CHAPTER I PRELIMINARY 1. Short title, extent and commencement. (1) This Act may be called the Reserve Bank of India Act, 1934.

Detailed explanation-4: -As a banking customer, it is your right to get fair treatment from your financial institution. The bank cannot discriminate against you on grounds such as sex, age, religion, caste, sexual orientation, and physical ability.

There is 1 question to complete.