Tag Archives: Stern

RBI Warns Banks Of Stern Action For Mis-Selling Of Insurance Products

Mumbai: 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. “There is one area in customer service where we’re getting deeply concerned. This is ... Read More »