To realise the developed India by 2020

Friday, October 10, 2008

[India_Vision_2020] RBI Deputy Governor's speech on 'Rights and responsibilities of banks and customers" in India

dear friends

In my earlier message, i mentioned about the Joint Seminar organised by Indian Banks' Association (IBA) and Consumers Association of India (CAI).  Ms Usha Thorat, Deputy Governor of Reserve Bank of India delivered the valedictory address.  She is incharge of the customer service at RBI level.  She handles all the customer grievances against all the banks operting in India (public sector, private sector and multinational banks).  She is also the appellate authority for the all 'Banking Ombudsman'  operating in India. . 

In her speech, she touched on very important and debated issues like loan documents, loan recovery agents, Credit cards, ATM cards, Cheque drop boxes, penal interest, service charges and many other areas, causing concern to the customers.

Please listen to her edited speech in the following link
http://www.poduniversal.com/2008/10/rights-and-responsibilities-of-banks.html

You may also download her presentation (ppt file 160 k) from the following link
www.prpoint.com/ushathorat.ppt

I am circulating this for the benefit of members.  Whatever, she has spoken applies to all the banks in India, including private sector, public sector and foreign banks. 

Yu may also circulate this to your contacts for their information.

K. Srinivasan
Prime Point
94440 50273



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K. Srinivasan,
Team:
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