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The Banking Codes and Standards Board of India (BCSBI) [1] is an independent banking industry watchdog that protects consumers of banking services in India.The board oversee compliance with the "Code of Bank's Commitment to Customers".
The Act gives the RBI the power to license banks, have regulation over shareholding and voting rights of shareholders; supervise the appointment of the boards and management; regulate the operations of banks; lay down instructions for audits; control moratorium, mergers and liquidation; issue directives in the interests of public good and on ...
Consumer Protection Act, 2019: This act aims to protect the rights of consumers in India and includes provisions related to financial services, such as banking, insurance, and investment products. National Pension System Trust Regulations, 2015: These regulations govern the functioning of the National Pension System (NPS) in India, which is a ...
It's Consumer Confidence Index climbed to 60.6, up from 53.3 in December. Consumer spending is also rising and all this may translate into a better 2011 for many Customer Bill of Rights from ...
Reserve Bank of India, abbreviated as RBI, is the central bank of India, and regulatory body responsible for regulation of the Indian banking system and Indian currency. Owned by the Ministry of Finance, Government of India, it is responsible for the control, issue, and maintenance of the supply of the Indian rupee. It also manages the country ...
The NGO Consumers International adopted the eight rights and restated them as a charter. [6] Subsequently, the organization began recognizing the date of Kennedy's speech, March 15, as World Consumer Rights Day. [7]
Regulation P governs the use of a customer's private data. Banks and other financial institutions must inform a consumer of their policy regarding personal information, and must provide an "opt-out" before disclosing data to a non-affiliated third party. [4] The regulation was enacted in 1999.
A Christian graphic artist who the Supreme Court said can refuse to make wedding websites for gay couples pointed during her lawsuit to a request from a man named “Stewart” and his husband-to-be.