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18 Offices of Banking Ombudsmen situated across India receive complaints with regard to Loans and Advances

News and Press Release - Dated:- 1-4-2017 - Banks are committed that they will communicate in writing, the reason(s) for rejection of loan application to applicant Reserve Bank of India (RBI) has informed that . In terms of Code of Bank s Commitment to Customer issued by Banking Code and Standards Board of India (BCSBI) and Fair Practices Code for lenders, banks are committed that they will communicate in writing, the reason(s) for rejection of loan application to applicant. Non-adherence to the .....

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