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Mismanagment in Banks

meenu (cs) (416 Points)

26 August 2009

Dear All,

Kindly guide if any Bank is doing somewrong activity can we as a depositor, shareholder can complaint to RBI for the same. This is some what related to opression and mismangement. Kindly clarify what action we can take on this?

Is there any regulation under Banking Regulation act,1949?

Kindly treat the same as urgent.

Best Regards,

Meenu

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5 Replies

Vinod Kashyap (XBRL Training) (451 Points)
Replied 26 August 2009

hi !

Your Querry is not very clear. Please provide the following information on your Querry :-

1) Are you a Shareholder or a Depositor in the Bank ?

2) What wrong activity have you observed in the Bank ?

3) Are you put to any financial loss because of Bank's wrong doing ?

However, depending upon the answer to the above questions you can file a Complaint to the Regulator i.e RBI or Banking Obdumbsman.

Thanks,

Vinod

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meenu (cs) (416 Points)
Replied 26 August 2009

dear vinod,

Kindly furnish your answer from both point of view as depositor and shareholder.What is the procedure for filling the complaint to RBI for this matter?

Can we file anything under RTI act?Or Criminal case if this involves fraud?

Kindly advise urgently pls.

Best regards,

Meenu

Ekta (Practicing CS) (423 Points)
Replied 27 August 2009

Madam, i think, you can approch Ombudsman of Bank for the query/ Problem.

meenu (cs) (416 Points)
Replied 27 August 2009

For Ombudsman we have to complaint against the bank to its managment.But what if managment is involved in that too. Where to make complaint and what channel is to be adopted in due course?

Best Regards,

Meenu

meenu (cs) (416 Points)
Replied 27 August 2009

If the managers are involved in lending the money to related party and then declaring it as debt. then what is the procedure to file a com[plaint against the bank?

Experts views are welcome.

Best regards,

Meenu