RBI Proposes Ban on Third-Party Incentives for Bank Staff to Tackle Mis-selling
India, Feb 12 : The Reserve Bank of India (RBI) has proposed prohibiting incentives paid by third parties to bank employees for selling insurance, mutual funds, and similar products, in a bid to curb the mis selling of financial services.
In its Draft Amendment Directions on Advertising, Marketing and Sales of Financial Products and Services, the…
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