Now, Switzerland to publish list of dormant bank accounts

Last Updated: Sunday, May 31, 2015, 15:53

The Ombudsman further said that a new banking law, which has come into force this year, has mandated that "assets over 500 Swiss franc that have been dormant for 50 years, that is 60 years after the last contact, have to be published. "If, following this publication, no justified claims are reported, the assets must be liquidated and their net proceeds will be transferred to the Swiss Confederation.

RBI asks PSBs,large pvt and foreign banks to appoint ombudsman

Last Updated: Monday, May 11, 2015, 19:44

The RBI has taken this initiative to further boost the quality of customer service and to ensure undivided attention to resolution of customer complaints.

EU must `apologise` for bias in rate rigging case: watchdog

Last Updated: Thursday, March 12, 2015, 21:44

European regulators mishandled an ongoing case on alleged interest rate rigging by some of world`s biggest banks and must apologise to France`s Credit Agricole for implying guilt, the EU`s ombudsman said Thursday.

HC asks Centre to respond to PIL against Mumbai Tax Ombudsman

Last Updated: Monday, April 8, 2013, 20:28

Delhi High Court asked Centre and Revenue Department to file responses to plea seeking removal of HK Sharan as Indirect Tax Ombudsman Mumbai for "fraudulently" securing LL.B degree and other charges.

Many shades of the Ombudsman aka Lokpal

Last Updated: Monday, February 25, 2013, 14:50

India is debating the finer points of the Lokpal Bill which will appoint an ombudsman to fight corruption and defend people’s rights.

BJP slams govt for not accepting two Parliamentary panel recommendations

Last Updated: Friday, February 1, 2013, 19:25

BJP on Friday slammed the government for not accepting two recommendations of a Parliamentary Committee, saying this would deny clear autonomy to Lokpal and render it weak.

Ombudsman can help in speedy redressal of indirect tax issues

Last Updated: Wednesday, January 30, 2013, 15:29

Complaints related with refunds and rebates of indirect taxes can be resolved within six weeks times.

Govt agrees to delink state Lokayukta from central legislation

Last Updated: Tuesday, January 29, 2013, 23:26

Govt has agreed to delink state Lokayukta from the central legislation and to the appointment of the Director of Prosecution by the CVC.

'Insurance policy mis-selling among top complaints'

Last Updated: Tuesday, October 9, 2012, 19:57

Mis-selling of insurance policies and delay in claim settlements top the list of 2,341 complaints lodged by aggrieved customers with the Chandigarh Insurance Ombudsman.

‘Foreign client complaints rise at Swiss banks’

Last Updated: Tuesday, July 3, 2012, 21:31

Swiss banks recorded an increase in the number of complaints from their foreign customers in 2011, although the number of their total customer complaints declined, Switzerland's banking ombudsman said Tuesday.