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Govt may announce FRA in Budget, forum to deal with plaints of all financial services providers
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Govt may announce FRA in Budget, forum to deal with plaints of all financial services providersBy
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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 and micro-prudential regulation.
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Once this is stabilised, it would look into complaints against financial service providers regulated by the Securities and Exchange Board of India (Sebi) as well as retail complaints handled by the RBI and the Banking Ombudsman. ....

New Delhi , Arun Jaitley , Dhirendra Swarup , Financial Redressal Agency , Pension Fund Regulatory , Financial Service Providers Fsps , Exchange Board Of India Sebi , Developmental Authority Irda , Financial Sector Legislative Reforms Commission , Development Authority , Reserve Bank , Insurance Regulatory , Developmental Authority , Financial Service Providers , Insurance Ombudsman , Exchange Board , Consumer Complaints , Union Budget 2021 , Budget 2021 , புதியது டெல்ஹி , அருண் ஜெய்ட்லி , திரென்திற சுவருப் , ஓய்வூதியம் நிதி ஒழுங்குமுறை , பரிமாற்றம் பலகை ஆஃப் இந்தியா செபி , வளர்ச்சி அதிகாரம் இர்த , நிதி துறை சட்டமன்றம் சீர்திருத்தங்கள் தரகு ,