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Insurance ombudsman says it has no data on awards granted – Times of India

newsguru.info1 March 202402 mins

[ad_1] MUMBAI: The Council for Insurance Ombudsmen has said that it has no data on insurance companies’ compliance with the awards made in respect of consumer complaints. In response to an RTI query, the CIO stated a lack of information on fulfilled and pending awards.The CIO oversees 17 Insurance Ombudsman offices nationwide. Unlike courts, Ombudsman…

Business

Paytm Bank board alerted by RBI on non-compliance | India Business News – Times of India

newsguru.info9 February 202404 mins

[ad_1] NEW DELHI: Reserve Bank of India, which has barred Paytm Payments Bank from accepting any fresh deposits starting next month, held discussions with the entity’s brass at multiple levels, including the board, before taking the extreme measure.Sometime in Nov-Dec 2021, a top RBI official addressed the bank’s board of directors and asked them to…