RBI releases Strict Guidelines on Mis-selling by Banks, No incentives to Bank Staff, No Call after 6 PM
The Reserve Bank of India (RBI) has released strict guidelines to curb Mis-selling of third party products by Banks. RBI has also said that incentives should not be provided to bank staff. What is Mis-selling? The RBI has defined Mis-selling as: Sale of a product / service, which is neither suitable nor appropriate in view…