MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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What is the maximum amount of compensation that Ombudsman can allow, for a case referred to it:

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Important Questions on Banking Law and Practice

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 3
What remedy is available to the bank when Ombudsman' passes an award directing the bank to make the payment:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 4
What remedy is available to the customer when Ombudsman passes an order with which customer is not satisfied:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 5
What is the time period during which the bank is to implement the order of Ombudsman?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 6
A customer filed a complaint with the Ombudsman which was rejected. What remedy is available to the customer _____.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 7
Award becomes binding on the bank if customer gives acceptance within 30 days of date of receipt of the award (True / false).
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 8
If a bank wants to go in for appeal against decision of Ornbudsrnan, whose permission in the bank is required?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 9
Which of the following type of complaint regarding loans cannot be lodged by the customer with the Ombudsman:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 10
Ombudsman scheme has been formulated by RBI under the provisions of _____.