Top-rated Corporate Bond Yields

The yields have increased by 15-20bps in the past couple of weeks. You can expect to get...

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10-Year G-Sec Benchmark Yield

The Reserve Bank of India (RBI) sold a fresh series of 10-year benchmark yield government...

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Banking: Banking Ombudsman Receives 770 Complaints in NE Region

The Reserve Bank of India (RBI) Banking Ombudsman (BO)-Northeast received 770 complaints from customers during 2013-14 on the services of various banks. In 1996-97, when the Scheme was introduced in the Northeast region, only 37 complaints were registered. The BO’s office reached out to customers through awareness campaigns and meetings in the past five years. Assam led in the utilisation of the Scheme with 608 cases, followed by Tripura with 42, Manipur 23, Meghalaya 21, Arunachal Pradesh and Nagaland 18 each and Mizoram 10. Customers could complain to the BO through email, letter or the prescribed form for redress of grievances. The Scheme has been criticised as too narrow in scope and loaded against savers.

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