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LEGAL AND REGULATORY ASPECTS OF BANKING (LRAB)
Unit - 35: The Consumer Protection Act, 1986
Legal & Regulatory Aspects of Banking -
Unit - 35 : Consumer Protection Act , 1986
The Act organised mainly to protect the interests of consumers, to settle consumer disputes .
The act is social welfare benefit legislation. It is for speedy disposal of the redressal of consumer disputes .
The Consumer protection Act adjudicates the complaints of customers relating to defaults in products and deficiency in services .
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