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Press Releases
Feb 03, 2003
RBI appoints Banking Ombudsman at Jaipur
The Reserve Bank of India has appointed Shri S. L. Parmar as the Banking Ombudsman for the state of Rajasthan with effect from February 3, 2003. As Banking Ombudsman, Shri Parmar will have his office at the Reserve Bank of India Building, Tonk Road, Jaipur-302 004.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relating to banking services. Its scope of authority and fun
The Reserve Bank of India has appointed Shri S. L. Parmar as the Banking Ombudsman for the state of Rajasthan with effect from February 3, 2003. As Banking Ombudsman, Shri Parmar will have his office at the Reserve Bank of India Building, Tonk Road, Jaipur-302 004.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relating to banking services. Its scope of authority and fun
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Feb 03, 2003
RBI appoints Banking Ombudsman at Bhopal
The Reserve Bank of India has appointed Shri N. Gopalan as the Banking Ombudsman for the states of Madhya Pradesh and Chattisgarh with effect from February 1, 2003. As Banking Ombudsman, Shri Gopalan will have his office at the Reserve Bank of India Building, Hoshangabad Road, Bhopal-462 001.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relating to banking services. It
The Reserve Bank of India has appointed Shri N. Gopalan as the Banking Ombudsman for the states of Madhya Pradesh and Chattisgarh with effect from February 1, 2003. As Banking Ombudsman, Shri Gopalan will have his office at the Reserve Bank of India Building, Hoshangabad Road, Bhopal-462 001.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relating to banking services. It
Jan 23, 2003
RBI appoints Banking Ombudsman at Kanpur
The Reserve Bank of India has appointed Shri D. T. Pai as the Banking Ombudsman for the states of Uttar Pradesh (excluding the district of Ghaziabad) and Uttaranchal with effect from January 21, 2003. As Banking Ombudsman, Shri Pai will have his office at the Reserve Bank of India Building, M. G. Road, Kanpur-208 001.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relati
The Reserve Bank of India has appointed Shri D. T. Pai as the Banking Ombudsman for the states of Uttar Pradesh (excluding the district of Ghaziabad) and Uttaranchal with effect from January 21, 2003. As Banking Ombudsman, Shri Pai will have his office at the Reserve Bank of India Building, M. G. Road, Kanpur-208 001.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relati
Jan 16, 2003
RBI appoints Banking Ombudsman at New Delhi
The Reserve Bank of India has appointed Shri M.P. Bezbaruah as the Banking Ombudsman for the states of Delhi, Haryana, Jammu and Kashmir and Ghaziabad district of Uttar Pradesh with effect from January 15, 2003. As Banking Ombudsman, Shri Bezbaruah will have his office at Jeevan Bharati Building, Cannaught Circus, New Delhi -110 011.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of g
The Reserve Bank of India has appointed Shri M.P. Bezbaruah as the Banking Ombudsman for the states of Delhi, Haryana, Jammu and Kashmir and Ghaziabad district of Uttar Pradesh with effect from January 15, 2003. As Banking Ombudsman, Shri Bezbaruah will have his office at Jeevan Bharati Building, Cannaught Circus, New Delhi -110 011.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of g
Jan 08, 2003
RBI appoints Banking Ombudsman for Karnataka
The Reserve Bank of India has appointed Shri S.K.Mukerji as the Banking Ombudsman for the state of Karnataka with effect from January 7, 2003. As Banking Ombudsman, Shri Mukherji will have his office at Reserve Bank of India Building, Nrupathunga Road, Bangalore-560 001.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relating to banking services. Its scope of authority a
The Reserve Bank of India has appointed Shri S.K.Mukerji as the Banking Ombudsman for the state of Karnataka with effect from January 7, 2003. As Banking Ombudsman, Shri Mukherji will have his office at Reserve Bank of India Building, Nrupathunga Road, Bangalore-560 001.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relating to banking services. Its scope of authority a
Dec 27, 2002
RBI appoints Banking Ombudsman for Chennai
The Reserve Bank of India has appointed Shri S. Krishnamurthy as the Banking Ombudsman for the state of Tamil Nadu, Union Territories of Pondicherry, Andaman and Nikcobar Islands with effect from December 26, 2002. As Banking Ombudsman, Shri Krishnamurthy will have his office at Kuralagam Building, Esplanade, Chennai.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relati
The Reserve Bank of India has appointed Shri S. Krishnamurthy as the Banking Ombudsman for the state of Tamil Nadu, Union Territories of Pondicherry, Andaman and Nikcobar Islands with effect from December 26, 2002. As Banking Ombudsman, Shri Krishnamurthy will have his office at Kuralagam Building, Esplanade, Chennai.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relati
Dec 21, 2002
RBI appoints Banking Ombudsman for Andhra Pradesh
The Reserve Bank of India has appointed Shri P R Gopala Rao as the Banking Ombudsman for the state of Andhra Pradesh with effect from December 19, 2002. As Banking Ombudsman, Shri Rao will have his office at the Reserve Bank of India, Hyderabad.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relating to banking services. Its scope of authority and functions include redre
The Reserve Bank of India has appointed Shri P R Gopala Rao as the Banking Ombudsman for the state of Andhra Pradesh with effect from December 19, 2002. As Banking Ombudsman, Shri Rao will have his office at the Reserve Bank of India, Hyderabad.The Banking Ombudsman Scheme was introduced in June 1995 with a view to providing to the bank customers quick and low-cost redressal of grievances relating to banking services. Its scope of authority and functions include redre
Dec 19, 2002
Working Group on Lenders' Liability Laws
The Government of India had constituted a Working Group to study Lenders' Liability Laws of other countries and their implications on the borrowers, lenders, regulators and other stakeholders and to make recommendations regarding legislative proposals suitable for Indian conditions. The Group submitted its report in October 2002. After considering the pros and cons of the issue, the Group has recommended that for the time being a Fair Practices Code may be framed by t
The Government of India had constituted a Working Group to study Lenders' Liability Laws of other countries and their implications on the borrowers, lenders, regulators and other stakeholders and to make recommendations regarding legislative proposals suitable for Indian conditions. The Group submitted its report in October 2002. After considering the pros and cons of the issue, the Group has recommended that for the time being a Fair Practices Code may be framed by t
Jun 14, 2002
The Banking Ombudsman Scheme, 2002
After review of the Banking Ombudsman Scheme, 1995 the Reserve Bank of India has now decided to introduce the Banking Ombudsman Scheme, 2002 with wider coverage and enlarged authority/functions to the Ombudsman. The new scheme will come into effect from today i.e. June 14, 2002.The Banking Ombudsman Scheme, 1995 was formulated by the Reserve Bank of India to provide an expeditious redressal grievance mechanism to bank customers. The Banking Ombudsman Scheme which beca
After review of the Banking Ombudsman Scheme, 1995 the Reserve Bank of India has now decided to introduce the Banking Ombudsman Scheme, 2002 with wider coverage and enlarged authority/functions to the Ombudsman. The new scheme will come into effect from today i.e. June 14, 2002.The Banking Ombudsman Scheme, 1995 was formulated by the Reserve Bank of India to provide an expeditious redressal grievance mechanism to bank customers. The Banking Ombudsman Scheme which beca
Sep 19, 2001
New Banking Ombudsman at Thiruvananthapuram
The Reserve Bank of India has appointed Shri G. R. Sundaravadivel, as Banking Ombudsman at Thiruvananthapuram from September 10, 2001. Before taking over as Banking Ombudsman, Shri Sundaravadivel was the Executive Director of United Bank of India. As Banking Ombudsman, Shri Sundaravadivel would have his office at Reserve Bank of India Building, Thiruvananthapuram and his jurisdiction and authority would extend to complaints against branches and offices of banks locate
The Reserve Bank of India has appointed Shri G. R. Sundaravadivel, as Banking Ombudsman at Thiruvananthapuram from September 10, 2001. Before taking over as Banking Ombudsman, Shri Sundaravadivel was the Executive Director of United Bank of India. As Banking Ombudsman, Shri Sundaravadivel would have his office at Reserve Bank of India Building, Thiruvananthapuram and his jurisdiction and authority would extend to complaints against branches and offices of banks locate
Aug 29, 2001
New Banking Ombudsman at Bhubaneshwar
The Reserve Bank of India has appointed Shri S.B. Mishra, I.A.S. (Retd.) as Banking Ombudsman at Bhubaneshwar from August 21, 2001.As Banking Ombudsman, Shri Mishra would have his office at Reserve Bank of India Building, Bhubaneshwar and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the State of Orissa.P.V. Sadanandan Asst. ManagerPress Release : 2001-02/244
The Reserve Bank of India has appointed Shri S.B. Mishra, I.A.S. (Retd.) as Banking Ombudsman at Bhubaneshwar from August 21, 2001.As Banking Ombudsman, Shri Mishra would have his office at Reserve Bank of India Building, Bhubaneshwar and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the State of Orissa.P.V. Sadanandan Asst. ManagerPress Release : 2001-02/244
Aug 01, 2001
New Banking Ombudsman at Mumbai
The Reserve Bank of India has appointed Shri S. G. Kale, I.A.S. (Retd.) as Banking Ombudsman at Mumbai from August 1, 2001. As Banking Ombudsman, Shri Kale would have his office at Garment House, Dr. Annie Besant Road, Worli, Mumbai 400 018 and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the States of Maharashtra and Goa.P.V. Sadanandan Asst. ManagerPress Release: 2001-02/132
The Reserve Bank of India has appointed Shri S. G. Kale, I.A.S. (Retd.) as Banking Ombudsman at Mumbai from August 1, 2001. As Banking Ombudsman, Shri Kale would have his office at Garment House, Dr. Annie Besant Road, Worli, Mumbai 400 018 and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the States of Maharashtra and Goa.P.V. Sadanandan Asst. ManagerPress Release: 2001-02/132
Jun 04, 2001
New Banking Ombudsman at Ahmedabad
The Reserve Bank of India has appointed Shri Prabhu Dayal, former Managing Director, State Bank of Saurashtra as Banking Ombudsman at Ahmedabad from June 1, 2001. As Banking Ombudsman, Shri Prabhu Dayal would have his office at Reserve Bank of India Building, La Gajjar Chambers, Ashram Road, Ahmedabad-380 009 and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the State of Gujarat
The Reserve Bank of India has appointed Shri Prabhu Dayal, former Managing Director, State Bank of Saurashtra as Banking Ombudsman at Ahmedabad from June 1, 2001. As Banking Ombudsman, Shri Prabhu Dayal would have his office at Reserve Bank of India Building, La Gajjar Chambers, Ashram Road, Ahmedabad-380 009 and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the State of Gujarat
May 05, 2001
New Banking Ombudsman at Thiruvananthpuram
The Reserve Bank of India has appointed Shri G.P.Muniappan, former Executive Director, Reserve Bank of India as Banking Ombudsman at Thiruvananthpuram from April 26, 2001. As Banking Ombudsman, Shri G.P.Muniappan would have his office at Reserve Bank of India Building, Bakery Junction, Thiruvananthpuram-695033 and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the State of Kerala
The Reserve Bank of India has appointed Shri G.P.Muniappan, former Executive Director, Reserve Bank of India as Banking Ombudsman at Thiruvananthpuram from April 26, 2001. As Banking Ombudsman, Shri G.P.Muniappan would have his office at Reserve Bank of India Building, Bakery Junction, Thiruvananthpuram-695033 and his jurisdiction and authority would extend to complaints against branches and offices of banks located within the territorial limits of the State of Kerala
Apr 05, 2001
An Appeal
April 5, 2001To,All News OrganisationsDear Editor,Several motivated and mischievous reports have appeared in the newspapers involving the Reserve Bank of India in the recent past. Two recent instances are: a report in the Business Standard which alleged that the RBI tried to "accommodate" one particular broker through its clearing house procedures; and the other is today’s Economic Times Report alleging that the RBI has "called off" the investigation into the unusual
April 5, 2001To,All News OrganisationsDear Editor,Several motivated and mischievous reports have appeared in the newspapers involving the Reserve Bank of India in the recent past. Two recent instances are: a report in the Business Standard which alleged that the RBI tried to "accommodate" one particular broker through its clearing house procedures; and the other is today’s Economic Times Report alleging that the RBI has "called off" the investigation into the unusual
Jan 06, 2001
Aim at being the best: RBI Governor exhorts Indian Financial System
"We have the comparative advantage, we have the resources, we have the manpower and we also have the respect of the world to make our financial system the best in the world. But the task is not easy." Stating this Dr. Bimal Jalan, Governor, Reserve Bank of India appealed to the National Institute for Bank Management and the banking community to debate and come up with a blueprint for the future of the banking system in India in say, another 10-15 years. The Governor w
"We have the comparative advantage, we have the resources, we have the manpower and we also have the respect of the world to make our financial system the best in the world. But the task is not easy." Stating this Dr. Bimal Jalan, Governor, Reserve Bank of India appealed to the National Institute for Bank Management and the banking community to debate and come up with a blueprint for the future of the banking system in India in say, another 10-15 years. The Governor w
Dec 16, 2000
New Banking Ombudsman for Calcutta
Shri Dipak Rudra has been appointed as Banking Ombudsman at Calcutta with effect from December 15, 2000. The Ombudsman will be functioning from the RBI Building (9th floor), 15, Netaji Subhas Road, Calcutta-700 001 and his jurisdiction and authority shall extend to complaints against branches/offices of banks located within the territorial limits of the state of West Bengal and Sikkim. The Reserve Bank of India had, in 1995 announced the Banking Ombudsman Scheme to pr
Shri Dipak Rudra has been appointed as Banking Ombudsman at Calcutta with effect from December 15, 2000. The Ombudsman will be functioning from the RBI Building (9th floor), 15, Netaji Subhas Road, Calcutta-700 001 and his jurisdiction and authority shall extend to complaints against branches/offices of banks located within the territorial limits of the state of West Bengal and Sikkim. The Reserve Bank of India had, in 1995 announced the Banking Ombudsman Scheme to pr
Dec 06, 2000
New Banking Ombudsman for Chennai
Shri N. Raghavan has been appointed as Banking Ombudsman at Chennai with effect from November 22, 2000. The Ombudsman will be functioning from the Challa Mall, 8th floor, 11/11A, Sir Thyagaraja Road, T. Nagar, Chennai-600017 and his jurisdiction and authority shall extend to complaints against branches/offices of banks located within the territorial limits of the state of Tamilnadu and the union territories of Pondichery and Andaman & Nicobar Islands. The Reserve
Shri N. Raghavan has been appointed as Banking Ombudsman at Chennai with effect from November 22, 2000. The Ombudsman will be functioning from the Challa Mall, 8th floor, 11/11A, Sir Thyagaraja Road, T. Nagar, Chennai-600017 and his jurisdiction and authority shall extend to complaints against branches/offices of banks located within the territorial limits of the state of Tamilnadu and the union territories of Pondichery and Andaman & Nicobar Islands. The Reserve
Dec 04, 2000
New Banking Ombudsman for Guwahati
Shri G. P. Barua has been appointed as Banking Ombudsman at Guwahati with effect from December 1, 2000. The Ombudsman will be functioning from the Reserve Bank of India building, Station Road, Guwahati-781 001 and his jurisdiction and authority shall extend to complaints against branches/offices of banks located within the territorial limits of the states of Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Triputa. The Reserve Bank of India had, in
Shri G. P. Barua has been appointed as Banking Ombudsman at Guwahati with effect from December 1, 2000. The Ombudsman will be functioning from the Reserve Bank of India building, Station Road, Guwahati-781 001 and his jurisdiction and authority shall extend to complaints against branches/offices of banks located within the territorial limits of the states of Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Triputa. The Reserve Bank of India had, in
Apr 28, 2000
Public can exchange soiled notes with any branch of any public sector bank
The Reserve Bank of India has advised that members of public can exchange soiled and mutilated notes with any branch of any public sector banks. The Reserve Bank of India has stated that it has authorised all the branches of public sector banks, as also certain private sector banks maintaining currency chests to accept and exchange all types of soiled/mutilated notes which are payable under the Reserve Bank of India (Note Refund) Rules. The bank branches will pay the
The Reserve Bank of India has advised that members of public can exchange soiled and mutilated notes with any branch of any public sector banks. The Reserve Bank of India has stated that it has authorised all the branches of public sector banks, as also certain private sector banks maintaining currency chests to accept and exchange all types of soiled/mutilated notes which are payable under the Reserve Bank of India (Note Refund) Rules. The bank branches will pay the
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