manish1008 Bahadurgarh, India 1k Questions 1k Answers 0 Best Answers 4k Points View Profile 0 manish1008 Asked: May 8, 20202020-05-08T04:34:58+05:30 2020-05-08T04:34:58+05:30In: Banking Does the Ombudsman really help? 0 Does the Ombudsman really help? ombudsman Share Facebook 2 Answers Voted Oldest Recent Charu New Delhi, 602 Questions 2k Answers 4 Best Answers 2k Points View Profile Charu Added an answer on May 9, 2020 at 2:10 pm “The banking ombudsman has proved to be ineffective. Consumers had received better results through the consumer forum, albeit with extended timelines. The ombudsman needs to be empowered and it’s high time that a committee is appointed to review its functioning for it to be effective,” 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Bilal Shaikh Mumbai, India 242 Questions 458 Answers 2 Best Answers 698 Points View Profile Bilal Shaikh Added an answer on May 8, 2020 at 5:10 am While the ombudsman has the power to investigate cases, its primary role is actually in settling disputes between customers and companies. These may sound like the same thing, but it can often solve the problem without an investigation. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerLeave an answerCancel reply Featured image Select file Browse Save my name, email, and website in this browser for the next time I comment.