RBI launches Complaint Management System

Reserve Bank of India (RBI) on June 24, launched Complaint Management System (CMS), which is a software application to facilitate RBI’s grievance redressal processes. In case of any complaints against any of the entities regulated by RBI, members of public can directly go to this CMS portal. With the ease of convenience, customers can file on-line complaints easily.

RBI advises commercial banks to adopt Education Loan Scheme

Reserve Bank of India advised all Scheduled Commercial Banks to adopt Education Loan Scheme.

The schemes are formulated by the Indian Banks Association.

The salient features are  Collateral free loans up to Rs 7.5 Lakh under the Credit Guarantee Fund Scheme for Education Loans (CGFSEL).