Finance Minister Flags Regulatory Gaps and Customer Harm
Finance Minister Nirmala Sitharaman on Monday sharply criticized banks for mis-selling financial products, particularly insurance, and urged them to concentrate on their core banking functions.Nirmala Sitharaman said banks are devoting...
bank mis-selling
banking regulation
casa deposits
central bank digital currency (cbdc)
customer relationship management
deposit mobilization
financial products
gilt switches
government borrowing
insurance sales
irdai
loan lending
monetary policy
nirmala sitharaman
rbi
sanjay malhotra
Finance Minister Criticises Sale of Unnecessary Insurance Products by Banks
New Delhi, February 23: Finance Minister Nirmala Sitharaman on Monday strongly criticised banks for mis-selling financial products, particularly insurance, and said such practices amount to a violation under the...