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Discussion

Consider the following statement and select correct code about regarding the Banking Ombudsman:

1. Banking Ombudsman is appointed by RBI.

2. All scheduled commercial bank, regional rural bank and scheduled primary cooperative banks are covered under banking ombudsman.

3. Appeal against banking ombudsman can be taken by Governor of RBI.

  • A.Only 3 is correct 
  • B.1 and 2 are correct 
  • C.1 and 3 are correct 
  • D.None of these are correct

Answer: B

The appellate authority is Deputy Governor of RBI not Governor. The appellate authority is Deputy Governor of RBI not Governor. The bank has also option to file an appeal before the appellate authority under the scheme.

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