https://www.taxtmi.com/news?id=21278 The Reserve Bank extended the Ombudsman Scheme to eligible Non-Deposit Taking NBFCs with customer interface and assets of Rs.100 crore or above, excluding NBFC-IFC, Core Investment Companies, IDF-NBFCs and NBFCs under liquidation. The Scheme provides a free, summary complaint mechanism via four regional Ombudsman offices, permits conciliation or Awards after hearing, and imposes admissibility conditions including prior representation and limitation periods. Awards direct specific performance or compensation subject to caps (actual loss or one million rupees limit; up to one hundred thousand rupees for distress), with an appellate route and NBFC display and nodal officer obligations. en-us Fri, 26 Apr 2019 17:44:42 +0530 Wed, 11 Feb 2026 15:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21278 The Reserve Bank extended the Ombudsman Scheme to eligible Non-Deposit Taking NBFCs with customer interface and assets of Rs.100 crore or above, excluding NBFC-IFC, Core Investment Companies, IDF-NBFCs and NBFCs under liquidation. The Scheme provides a free, summary complaint mechanism via four regional Ombudsman offices, permits conciliation or Awards after hearing, and imposes admissibility conditions including prior representation and limitation periods. Awards direct specific performance or compensation subject to caps (actual loss or one million rupees limit; up to one hundred thousand rupees for distress), with an appellate route and NBFC display and nodal officer obligations. News - Fri, 26 Apr 2019 17:44:42 +0530 https://www.taxtmi.com/news?id=21278