Which of the following statements is/are correct with reference to the RBI Ombudsman Schemes?

A. RBI has three Ombudsmen- Banking, Non-Banking Finance Company and digital transactions.

B. The three Ombudsman Schemes are being merged and integrated into a single scheme which will be rolled out starting from June this year.

C. Both A & B

D.  None of these

Explanation:

The Reserve Bank of India (RBI) released the Annual Report of the Ombudsman Schemes for the year 2019-20. RBI has three Ombudsmen- Banking, Non-Banking Finance Company (i.e. NBFC) and digital transactions. A common man can approach these Ombudsmen for their grievances.