Search For "mis selling"
"You cannot afford to mis-sell": FM to banks, says glad that RBI coming up
Updated : 1 week, 3 days ago IST
Addressing a press conference, post customary post-Budget meeting with Central Board of Directors of the RBI, the Finance Minister said, "I am glad that the RBI is coming up with guidance on why mis-selling is not going to be entertained. The message should go to the banks that you cannot
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RBI to tighten noose on mis-selling of financial products; issues draft am
Updated : 1 week, 3 days ago IST
A key highlight of the draft directions is a clear prohibition on "compulsory bundling," defined as making the availability of one product or service conditional upon the purchase of another, whether offered by the bank itself or a third party. The RBI has also introduced a detailed definiti
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A 2,124-Year Insurance Policy Triggers RBI Action, and the Launch of NYVO
Updated : 1 week, 3 days ago IST
New Delhi [India], February 11: A nationalised bank in Maharashtra sold a life insurance policy to a 90-year-old man. The annual premium was ₹2 lakh. The maturity date of the policy was the year 2124. This was not a hypothetical case or an isolated error, it happened. The Reserve Bank of Ind
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RBI to issue draft guidelines for protecting customers from mis-selling, a
Updated : 1 week, 3 days ago IST
Reserve Bank of India Governor Sanjay Malhotra on Friday proposed to issue three draft guidelines for customer protection: one, relating to mis-selling; two, regarding recovery of loans and engagement of recovery agents; and three, on limiting liability of customers in unauthorised electroni
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Sanjay Singh seeks discussion on 'mis-selling of financial products' in Ra
Updated : 7 months, 1 week ago IST
Aam Aadmi Party (AAP) MP Sanjay Singh on Tuesday submitted a Zero Hour Notice in the Rajya Sabha to discuss the widespread mis-selling of financial products by banks and the loss incurred by ordinary citizens.
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NCPCR issues summons to BYJU's CEO for 'selling its courses to students'
Updated : 3 years, 3 months ago IST
The National Commission for Protection of Child Rights (NCPCR) has summoned BYJU's CEO Byju Raveendran, asking him to appear in person on December 23 over alleged malpractice of hard selling and mis-selling of its courses for students.
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