RBI asks banks to tackle repeat customer complaints, fix gaps in grievance systems

The Reserve Bank of India has asked banks to identify systemic, process and operational gaps behind recurring customer complaints and conduct root-cause analysis to reduce their recurrence. The regulator also called for stronger capacity building and grievance handling. More than 1.33 million complaints were received under the ombudsman scheme in FY25.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/XB2CpQS
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