From: vib-in...@googlegroups.com [mailto:vib-in...@googlegroups.com] On Behalf 
Of Asudani, Rajesh
Sent: Friday, June 04, 2010 12:04 PM
To: vib-in...@googlegroups.com
Subject: (VIB) RBI committee on customer service

Date : 03 Jun 2010

Reserve Bank constitutes Committee on Customer Service in banks

The Reserve Bank of India has constituted a Committee under the chairmanship of 
Shri M. Damodaran, former Chairman, Securities and Exchange Board of India, to 
look into banking services rendered to retail and small customers, including 
pensioners. The Committee will also look into the system of grievance redressal 
mechanism prevalent in banks, its structure and efficacy and suggest measures 
for expeditious resolution of complaints.
The other members of the committee are:
1. Smt. P. Rajyalakshmi Rao, former member, National Consumer Disputes 
Redressal Commission, New Delhi,
2. Shri Ashok Rawat, Hon. Secretary, All India Bank Depositors' Association, 
Mumbai,
3. Shri M. V. Nair, Chairman, Indian Banks' Association and Chairman and 
Managing Director, Union Bank of India, Mumbai,
4. Shri B. M. Mittal, Chief Executive Officer, Banking Codes and Standards 
Board of India, Mumbai,
5. Shri M. S. Sundara Rajan, former Chairman and Managing Director, Indian 
Bank, Chennai,
6. Shri S. Gopalakrishnan, former Banking Ombudsman, Chennai and former 
Chairman and Managing Director, Vijaya Bank, Chennai and
Shri Kaza Sudhakar, Chief General Manager, Customer Service Department, Reserve 
Bank of India, Central Office, Mumbai will be the Member Secretary.
The terms of reference of the Committee are :
1. To review the existing system of attending to customer service in banks - 
approach, attitude and fair treatment to customers from retail, small and 
pensioners segment.
2. To evaluate the existing system of grievance redressal mechanism prevalent 
in banks, its structure and efficacy and recommend measures for expeditious 
resolution of complaints. The committee may also lay down a suitable time frame 
for disposal of complaints including last escalation point within that time 
frame.
3. To examine the functioning of Banking Ombudsman Scheme - its structure, 
legal framework and recommend steps to make it more effective and responsive.
4. To examine the possible methods of leveraging technology for better customer 
service with proper safeguards including legal aspects in the light of 
increasing use of Internet and IT for bank products and services and recommend 
measures to enhance consumer protection.
5. To review the role of the Board of Directors of banks and the role of 
regulators in customer service matter.
The Committee is expected to submit its report within a period of four months 
from its first meeting.
It may be recalled that the setting up of the Committee was announced in the 
Annual Policy Statement for the year 2010-11.
G. Raghuraj
Deputy General Manager
Press Release : 2009-2010/1633







Regards

"Perhaps our role on this planet is not to worship God-- but to create Him."

                                        --Arthur C. Clarke

(Rajesh Asudani)

Assistant General Manager,
Reserve Bank of India
Nagpur
09420397185
O: 0712 2806676
Res: 0712 2591349




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