The Domestic Systemically Important Banks D-SIB framework requires the Reserve Bank to disclose the names of banks designated as D-SIBs starting from 2015 and place these banks in appropriate buckets depending upon their Systemic Importance Scores (SISs).

Read more

Reserve Bank of India (RBI) In India the Reserve Bank of India (RBI) is the apex authority in the Banking system. It was established on 1 April 1935 under the RBI Act 1934 . Since the RBI was set up by an act of parliament, it is termed as a statutory body . Hence its responsibilities, authority and the tenure of members all have been defined by that Act of parliament.

Read more

The Reserve Bank of India (RBI) has launched the " Integrated Ombudsman Scheme" in 2021 to handle complaints and improve consumer protection.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.

Read More