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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Disclaimer
Views expressed above are the author’s own.
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