Explanation:

- The Banking Ombudsman Scheme is an initiative by the Reserve Bank of India.

- It's designed to address complaints related to banking services.

- Option 1: 1990

- This year is not related to the launch of the Banking Ombudsman Scheme.

- Option 2: 1995

- The Banking Ombudsman Scheme was indeed announced in this year.

- This option is the correct answer.

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- Option 3: 1997

- This year follows the launch year and does not mark any significant update to the scheme.

- Option 4: 2000

- While important for other financial reforms, this is not the year of announcement for the scheme.