Which of the following statements regarding the RBI's directive to Credit Information Companies (CICs) and Credit Institutions (CIs) is/are true?
- The RBI has directed CICs and CIs to implement a compensation framework for delays in updating credit information.
- CICs will pay compensation of Rs. 200 per calendar day for unresolved complaints beyond 30 days.
- A complainant can approach the RBI Ombudsman if there is a wrongful denial of compensation by CIs or CICs.
1
Only statement 1 is true
2
Statements 1 and 3 are true
3
Statements 1 and 2 are true
4
All statements are true
5
Only statement 2 is true