Union Finance Minister Nirmala Sitharaman has delivered a clear warning to banks against the mis-selling of financial products, stating that such practices amount to an “offence” and will not be ...

There are many instances where a financial institution’s mis-selling of a financial product has led to monetary or emotional loss for a customer. The Reserve Bank of India (RBI) is tightening the ...

The banking regulator recently released draft guidelines that seek to make banks more accountable for the financial products they sell. If it follows through on this, it could dampen growth in the ...

For too long, sales misconduct has been treated as an operational issue created by overzealous relationship managers. The ...

Speakers noted that as investors become more informed and markets mature, the role of distributors is expanding beyond recommending financial products to guiding clients through broader financial ...