Banks

RBI says it will charge banks if they do not improve customer grievance

January 29, 2021

By Administrator_India Capital Sands The Reserve Bank of India (RBI) asked banks to step up disclosures on customer complaints and cost of redressal, cautioning lenders that fail to improve their redress mechanism quickly will be charged. At the end of March 2020, the total number of complaints across various offices of RBI stood at 3,08,630. This is a steep […]

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RBI wants IDBI Bank to come out of PCA framework before stake sale

RBI wants IDBI Bank to come out of PCA framework before stake sale

January 5, 2021

  By Administrator_India Capital Sands The government and Life Insurance Corporation (LIC) of India should allow IDBI Bank to come out of the prompt corrective action (PCA) framework before they go ahead with the stake sale in the lender, the Reserve Bank of India (RBI) has suggested. The banking regulator’s view is that the government’s […]

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