When banks lose interest, in you & me

Financial mis-selling happens when bankers lure customers to meet their targets. Eg: selling insurance while hawking investment options. To tackle it, fix sellers’ incentive structure & mandate stiff penalties

Sometime during UPA’s tenure, the then FM held a meeting on a Saturday amid a tussle between Sebi and Insurance Regulatory and Development Authority of India (IRDAI).

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Views expressed above are the author’s own.



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