RBI Introduces Internal Ombudsman Mechanism For Select NBFCs

For select Non-Banking Financial Companies (NBFCs), the Reserve Bank of India (RBI) has established an Internal Ombudsman process. RBI has directed deposit-taking NBFCs (NBFCs-D) with or more branches, as well as non-deposit taking NBFCs (NBFCs-ND) with assets of Rs 5,000 crore

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