Post by: Ramya Arul Rose in Government Initiatives
Ombudsman for Digital Transactions The Reserve Bank of India has implemented the Ombudsman for Digital Transactions (OSDT) in continuation of the Monetary Policy Statement released in 2018. The Scheme was launched under the Section 18 of Payment and Settlement Systems…
Post by: Sreeram Viswanath in Government Initiatives
Working Capital Term Loan Scheme Working capital is a fundamental requirement of every business, without which its very functioning is at stake. A working capital term loan is accorded to extend long-term working capital credit facilities to entrepreneurs so as…
Banking Ombudsman Banking Ombudsman is a senior official appointed by the Reserve Bank of India(RBI) or a quasi (nominal) judicial authority functioning under India’s Banking Ombudsman Scheme 2006. Banking Ombudsman has the responsibility to resolve customer complaints against deficiency in banking services. At present 15 Ombudsmen…
Post by: Arun Kumar in Banking
Commercial Paper in India Commercial paper was first issued in the year 1990 in India as a short-term instrument. Commercial papers were introduced as a privately placed instrument for the Non-Banking Financial Companies (NBFC Registration) mainly to enable highly rated…
