The conference brought together IOs from across a representative spectrum of regulated entities including banks, non-banking financial companies (NBFCs), credit information companies (CICs) and other regulated entities, along with MD, EDs and CEOs charge of customer service, as well as RBI Ombudsmen and senior officials of the Reserve Bank.

RBI's Swaminathan emphasizes internal ombudsmen's role in resolving customer complaints effectively and preventing external escalations.

Reserve Bank Deputy Governor Swaminathan J urged internal ombudsmen to ensure fair complaint resolutions. He asked them to identify recurring issues and implement remedial…