Showing posts with label Banking. Show all posts
Showing posts with label Banking. Show all posts

Banks Deprive Seniors of Sops Assured by RBI

Banking, particularly with regards to services, brings the sector squarely within the ambit of the Consumer Protection Act. A customer, a consumer within the Act, could, for non-resolution of issues through processes laid down, approach a Consumer Forum for the ‘deficiency in service’ which, if and when proved, could force the bank to cough up damages.