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Ombudsman mechanism
November 19 , 2021
1104 days
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- The Reserve Bank of India has announced to introduce the Internal Ombudsman mechanism for the following two types of Non-Banking Financial Companies (NBFCs).
- These two types of NBFCs are
- Deposit-taking NBFCs (NBFCs-D) with 10 or more branches and
- Non-Deposit taking NBFCs (NBFCs-ND) with asset size of Rs.5,000 crore and above having a public customer interface.
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