Final answer:
Both Hyundai and Toyota have internal dispute resolution policies, as well as State Bank of India, which follows the policies set by the Reserve Bank of India.
Step-by-step explanation:
Both Hyundai and Toyota have internal dispute resolution policies and processes in place to handle and resolve conflicts based on either public or private information. These policies typically involve a series of steps, such as clear communication between the parties involved, mediation, and if necessary, arbitration or legal action. For example, if a customer has a complaint about a defective vehicle, they can first try to resolve the issue by contacting the company's customer service department. If the issue remains unresolved, the customer may choose to pursue legal action or utilize a third-party mediation service.
In the case of State Bank of India, as a government-owned bank, it follows the policies and processes set by the Reserve Bank of India (RBI) for dispute resolution. The RBI has established a robust framework for resolving disputes between customers and banks, consisting of various channels such as internal grievance redressal mechanisms, ombudsman services, and judicial recourse if needed. The goal is to ensure fair and timely resolution of disputes while protecting the rights and interests of all parties involved.