Govt may announce FRA in Budget, forum to deal with plaints of all financial services providers
Govt may announce FRA in Budget, forum to deal with plaints of all financial services providers SECTIONS Govt may announce FRA in Budget, forum to deal with plaints of all financial services providersBy Share Synopsis India’s existing consumer redressal system is fragmented and overseen by sectoral regulators such as the Reserve Bank of India (RBI) for banks and the Insurance Regulatory and Developmental Authority (Irda) for insurance-related grievances. The government is of the view that this fragmented regulatory architecture leads to inconsistent treatment of both consumer complaints an...
Source: indiatimes.com