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Many times - we hear about the -˜Banking Ombudsman-™.What is/are the major roles of same?I. Banking Ombudsman is a quasi-judicial authorityhaving powers to summon - the banks and the customersboth in case of dispute.II. The Banking Ombudsman are appointed by thePresident of India and are retired judges of the High orSupreme Courts.III. The decisions/judgements given by the BankingOmbudsman cannot be taken to any court of justice astheir decisions are last in case of bank related problemsdisputes. Select the correct answer using the codes givenbelow

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Many times - we hear about the -˜Banking Ombudsman-™.What is/are the major roles of same?I. Banking Ombudsman is a quasi-judicial authorityhaving powers to summon - the banks and the customersboth in case of dispute.II. The Banking Ombudsman are appointed by thePresident of India and are retired judges of the High orSupreme Courts.III. The decisions/judgements given by the BankingOmbudsman cannot be taken to any court of justice astheir decisions are last in case of bank related problemsdisputes. Select the correct answer using the codes givenbelow






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