THE OMBUDSMAN SCHEME FOR NBFCs, 2018 explained
The Ombudsman Scheme for NBFCs 2018 was launched by RBI on February 23, 2018 for cost-free expeditious complaint redressal against NBFCs registered with RBI under Section 45-IA of the RBI Act, 1934 and covered all deposit accepting NBFCs to begin with. Further, on April 26, 2019 Reserve Bank has extended the coverage of Ombudsman Scheme…