Mis-selling Of Insurance Products
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RBI Warns Banks Of Stern Action For Mis-Selling Of Insurance Products
In a stern message to banks, Reserve Bank of India Deputy Governor S S Mundra on Tuesday said the central bank is "deeply concerned" about mis-selling of insurance products, warning that it may press for making penal provisions more stringent to deal with the problem.
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Banks Can Sell Insurance But Should Avoid Mis-Selling: RBI
Even as a RBI report on Tuesday favoured distribution of insurance products by banks, it warned of possibility of mis-selling, especially in the light of reported attractive performance-linked incentives for banks' staff and management.
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RBI Cautions Banks on Mis-Selling Third Party Products
Concerned over "mis-selling" of third party products like insurance by banks, the Reserve Bank of India has warned of regulatory action against them.
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RBI to tighten norms to check mis-selling by banks
The basic structure for TCF is in place in India for banking products of scheduled banks. However, it is now being considered to extend the structure to third-party products such as mutual funds, capital market and insurance products sold by banks and also extending the concept to non-scheduled banks.
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RBI Warns Banks Of Stern Action For Mis-Selling Of Insurance Products
In a stern message to banks, Reserve Bank of India Deputy Governor S S Mundra on Tuesday said the central bank is "deeply concerned" about mis-selling of insurance products, warning that it may press for making penal provisions more stringent to deal with the problem.
-
Banks Can Sell Insurance But Should Avoid Mis-Selling: RBI
Even as a RBI report on Tuesday favoured distribution of insurance products by banks, it warned of possibility of mis-selling, especially in the light of reported attractive performance-linked incentives for banks' staff and management.
-
RBI Cautions Banks on Mis-Selling Third Party Products
Concerned over "mis-selling" of third party products like insurance by banks, the Reserve Bank of India has warned of regulatory action against them.
-
RBI to tighten norms to check mis-selling by banks
The basic structure for TCF is in place in India for banking products of scheduled banks. However, it is now being considered to extend the structure to third-party products such as mutual funds, capital market and insurance products sold by banks and also extending the concept to non-scheduled banks.
