https://www.taxtmi.com/news?id=3400 Banks may set reasonable fees for services subject to RBI guidance to identify basic banking services and adopt board approved Fair Practices Code standards; banks must disclose fees, processing charges and all in cost information for customer comparison. The Banking Ombudsman Scheme addresses customer complaints, can impose penalties and award compensation within limits, while the Reserve Bank supervises private banks under the Banking Regulation Act and RBI Act through inspections, on site surveillance and post inspection compliance follow up. en-us Wed, 23 May 2012 11:19:51 +0530 Wed, 23 May 2012 11:19:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3400 Banks may set reasonable fees for services subject to RBI guidance to identify basic banking services and adopt board approved Fair Practices Code standards; banks must disclose fees, processing charges and all in cost information for customer comparison. The Banking Ombudsman Scheme addresses customer complaints, can impose penalties and award compensation within limits, while the Reserve Bank supervises private banks under the Banking Regulation Act and RBI Act through inspections, on site surveillance and post inspection compliance follow up. News - Wed, 23 May 2012 11:19:51 +0530 https://www.taxtmi.com/news?id=3400