NEW DELHI : Mumbai-based Yateen Kahate applied for Axis Bank's Magnus credit card in July 2023. Two months later, the bank ...

The RBI's annual report for the Integrated Ombudsman Scheme reveals that 934,355 complaints were filed against lenders in ...

Complaints by customers of banks and other financial entities under the Reserve Bank – Integrated Ombudsman Scheme (RB-IOS), 2021 soared by 32.81 per cent in 2023-24 from 2022-23 levels, according to ...

The annual report indicates a substantial increase of 32.81 percent in banking customer complaints compared to the previous fiscal year. Of the maintainable complaints, 57.07 percent were resolved ...

Integrated Ombudsman Scheme (RB-IOS) witnessed a substantial rise in complaints during FY24, underlining the increasing reliance on the central bank’s grievance redressal mechanisms.A total of ...

Accidentally sent money to the wrong UPI ID on GPay, PhonePe, or Paytm? Follow this step-by-step guide to recover your funds and prevent future mistakes.

Reserve Bank has set up the second office of the Banking Ombudsman at RBI, New Delhi, it said in a release.

Check your credit report regularly to catch errors, overdue accounts, and financial stress signals, ensuring better loan ...

Consumer complaints related to loans and advances rose 43%, representing 29% of the total grievances against RBI-regulated entities in FY24, according to the Reserve Bank's Integrated Ombudsman ...