Shaktikanta Das: Launch of Complaint Management System
Statement by Mr Shaktikanta Das, Governor of the Reserve Bank of India, on launch of
Complaint Management System, 24 June 2019.
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The Complaint Management System (CMS), the application being launched today, symbolizes
RBI's commitment to improve customer experience in grievance redressal process by ensuring
timely resolution of complaints received at the Reserve Bank. I take this opportunity to seek the
co-operation of all RBI regulated entities with public interface such as commercial banks, Urban
Co-operative banks, Non-Banking Financial Companies (NBFCs), etc. in resolving customer
complaints in a speedy and meaningful manner to promote public confidence in the financial
system. Sustaining the confidence of consumers in banks and other Financial Service Providers
(FSPs) through prompt and effective grievance redressal, together with empowering customers
through education is pivotal for maintaining trust in the banking system.
2. CMS envisages improved customer convenience by providing a single window on Reserve
Bank's website for lodging complaints against any regulated entity. The complaint would be
directed to the appropriate Office of the Ombudsman/Regional Office of the RBI. The application
also improves transparency by keeping the complainants informed through auto-generated
acknowledgements and enabling them to track the status of their complaints and file Appeals
online against the decisions of the Ombudsmen, where applicable. Further, complainants can
also voluntarily share feedback on their experience in obtaining redressal.
3. CMS will be accessible on desktop as well as on mobile devices. The Reserve Bank also
plans to introduce a dedicated Interactive Voice Response (IVR) System for tracking the status of
complaints. I am sure, with time, the customer friendly nature of the CMS will be further
enhanced.
4. As stated earlier, customer awareness is an enabling tool for strengthening customer
protection. An alert and aware customer can effectively guard against the risks of mis-selling,
cheating, frauds and such other threats. In our endeavor to spread awareness, we have placed
on the CMS portal, videos with young role-models, including sportspersons, on safe banking
practices and other important customer-centric regulatory initiatives of the Reserve Bank of India.
5. The benefit to the financial system will accrue from seamless access of CMS to the Nodal
Officers of banks / Financial Service Providers(FSPs). CMS can generate various reports for
monitoring and managing complaints pertaining to each entity. I expect banks / FSPs to use the
data on CMS not only for reducing their Turn Around Time in resolution of complaints and
strengthening their grievance redressal mechanism but also for undertaking root cause analyses
with an objective of understanding their customer pain areas, behaviour and expectations so as
to improve their services for maintaining customer loyalty.
6. Insights from the data available from CMS can, for example, be used by banks / FSPs for
designing products which meet the expectations of their customers. Obviously, those entities
who perform better in analyzing the data and using it for creating customer value would be able
to benefit more and have a competitive advantage.
7. Data from CMS can be leveraged by the Reserve Bank for analytics which can be used for
regulatory and supervisory interventions, if required. Various dashboards provided in the
application will help Reserve Bank to effectively track the progress in redressal of complaints.
8. With the launch of CMS, the processing of complaints received in the offices of Ombudsman
and Consumer Education and Protection Cells (CEPCs) of the Reserve Bank has been
digitalized.
9. I urge the banks/FSPs to utilize the potential of CMS to the fullest.
My heartiest congratulations to each and everyone involved in developing and implementing the
application.
Thank you!