BCSBI (THE BANKING CODES AND STANDARDS BOARD OF INDIA)

bcsbi

Important Facts About BCSBI –  

1. Registered in 2014 as a separate society under Society Registration Act, 1860

2. Registered Office – Mumbai

3. Open to all scheduled commercial banks on voluntary basis

4. Applicable to RRB also

5. Managed by Governing Council consisting of not more than 6 members (3 from RBI , 2 from Members Banks)

6. RBI extends financial support to meet its expenses although it is not a department of Reserve Bank of India

7. Rating Parameters of BCSBI –

– Customer Centricity

– Transparency

– Grievance Redressal

– Customer Feedback

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