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Complaints received under ombudsman schemes rises 9.39%'

Complaints received under ombudsman schemes rises 9.39%'

  • The Reserve Bank of India (RBI) has released the Annual Report of the Ombudsman Schemes for the period April 01, 2021 – March 31, 2022.
  • As per the report, volume of complaints received under the scheme stood at 4,18,184 in 2021-22, an increase of 9.39% compared to the previous year.

RBI’s View

  • Issues related to ATM/debit cards and mobile/electronic banking were the top grounds of complaints received at the Office of Banking Ombudsman (OBO).
  • About 90% of the total complaints were received through digital modes, including:
  • Online Complaint Management System (CMS) portal,
  • E-mail
  • Centralised Public Grievance Redress and Monitoring System (CPGRAMS).
  • The report also said that the rate of disposal of complaints by ombudsmen improved to 97.9% in 2021-22 from 96.6% in 2020-21.

Prelims Take Away

  • Office of Banking Ombudsman
  • Ombudsman Scheme
  • CMS PORTAL
  • CPGRAMS

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