PM Modi to launch RBI's retail direct scheme
3 years, 1 month ago

PM Modi to launch RBI's retail direct scheme

Deccan Chronicle  

Mumbai: Prime Minister Narendra Modi will launch the 'RBI retail direct scheme' on Friday to allow retail investors to invest easily in government securities. “The retail direct scheme offers a safe, simple and direct channel for investment in government securities,” the RBI said. “The scheme places India in a list of a select few countries offering such a facility.” Ajay Manglunia, MD and head institutional fixed income at JM Financial, explained, “Retail participation till now continues to remain low in government bonds primarily because buying and selling of bonds is not seamless. These issues are old and well known to all of us, hopefully now they have been addressed in the RBI retail direct scheme.” Another scheme to be launched by the prime minister is the Integrated Ombudsman Scheme, which aims to improve the grievance redress mechanism for resolving customer complaints against entities regulated by the central bank i.e banks, NBFCs and non-bank payment system participants.

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In Chandigarh, RBI ombudsman bats for consumer empowerment
9 months, 2 weeks ago

In Chandigarh, RBI ombudsman bats for consumer empowerment

Hindustan Times  

Rajeev Dwivedi, chief general manager and ombudsman, Reserve Bank of India, who was in the city on Thursday, highlighted the pivotal role of Reserve Bank’s Integrated Ombudsman Scheme in swiftly addressing customer grievances. Our aim is to elevate consumer awareness surrounding the transformative RB-IOS.” He said the scheme, introduced on November 12, 2021, represented a significant milestone in RBI’s commitment …

10 things to know about Reserve Bank of India's Integrated Ombudsman Scheme
1 year, 5 months ago

10 things to know about Reserve Bank of India's Integrated Ombudsman Scheme

Firstpost  

The Reserve Bank of India launched a scheme to provide a simple and effective way for customers of various financial services to resolve their complaints. The Scheme integrates the existing three Ombudsman schemes of RBI namely, the Banking Ombudsman Scheme, 2006; the Ombudsman Scheme for Non-Banking Financial Companies, 2018; and the Ombudsman Scheme for Digital Transactions, 2019. The Scheme adopts …

Explained | What is the Retail Direct Scheme for investors in government securities?
3 years, 1 month ago

Explained | What is the Retail Direct Scheme for investors in government securities?

The Hindu  

The story so far: The RBI had in February announced proposals for the Retail Direct Scheme for investors in government securities and the Integrated Ombudsman Scheme. Under the Retail Direct Scheme, small investors can now buy or sell government securities, or bonds, directly without having to go through an intermediary like a mutual fund. Retail participants would be bidding for …

Will increase investment avenues, says PM Modi as he launches RBI's 2 innovative schemes
3 years, 1 month ago

Will increase investment avenues, says PM Modi as he launches RBI's 2 innovative schemes

India TV News  

Prime Minister Narendra Modi on Friday launched Reserve Bank of India's two innovative customer-centric initiatives. "Small investors will get direct access to investing in government securities market," he said. Notably, the RBI Retail Direct Scheme is aimed at enhancing access to the government securities market for retail investors. Ravi Singh, Head of Research & Vice President, ShareIndia, said that the …

PM Modi to launch RBI's retail direct, integrated ombudsman schemes on Friday
3 years, 1 month ago

PM Modi to launch RBI's retail direct, integrated ombudsman schemes on Friday

India TV News  

Prime Minister Narendra Modi will launch two innovative, customer-centric initiatives of the Reserve Bank of India, the retail direct scheme and the integrated ombudsman scheme, via video-conferencing on Friday. In a statement on Thursday, the Prime Minister's Office said the RBI Retail Direct Scheme is aimed at enhancing access to the government securities market for retail investors. The Reserve Bank-Integrated …

RBI to soon open accounts for retail investors, to facilitate investment in govt securities
3 years, 5 months ago

RBI to soon open accounts for retail investors, to facilitate investment in govt securities

India TV News  

The Reserve Bank on Monday issued a scheme 'RBI Retail Direct', a one-stop solution to facilitate investment in government securities by individual investors. As part of continuing efforts to increase retail participation in government securities, 'the RBI Retail Direct' facility was announced in February 2021 for improving ease of access by retail investors through online access to the government securities …

One Nation One Ombudsman: RBI to Integrate Consumer Grievance Redressal Scheme
3 years, 10 months ago

One Nation One Ombudsman: RBI to Integrate Consumer Grievance Redressal Scheme

News 18  

The Reserve Bank on Friday announced it will be integrating consumer grievances redressal under a single ombudsman as against three schemes working at present. There are dedicated ombudsman schemes devoted to consumer grievance redressal in banking, non-bank finance companies and digital transactions, respectively, at present. “To make the alternate dispute redress mechanism simpler and more responsive to the customers of …

RBI announces integrated ombudsman scheme for bank customers
3 years, 10 months ago

RBI announces integrated ombudsman scheme for bank customers

Live Mint  

The Reserve Bank of India on Friday announced an integrated ombudsman scheme to improve grievance redressal mechanism for bank customers. The RBI plans to integrate the three separate ombudsman under one centralised scheme to make the grievance redressal mechanism more efficient and simpler. “To make the ombudsman mechanism simpler, efficient and more responsive, it has been decided to integrate the …

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