RBI issues directions for appointment of Internal Ombudsman

RBI issues directions for appointment of Internal Ombudsman: RBI has issued directions for appointment of Internal Ombudsman for all Credit Information Companies (CICs).

October 2022 Current Affairs Quiz

Eligibility:

Every CIC must appoint the Internal Ombudsman for a fixed term of 3 to 5 years. Either a retired or a serving officer.

Not below the rank of Deputy GM or equivalent, should have at least seven years of experience in banking sector. Not attain the age of 70 before completion of the proposed term. No reappointment for extension of term in the same CIC.