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Tag: financial products

Dinesh Kumar Khara says RBI’s new guidelines strike a balance between customer protection and growth
Stock Market

Dinesh Kumar Khara says RBI’s new guidelines strike a balance between customer protection and growth

New regulatory steps by the Reserve Bank of India will change the way banks sell financial products, finance acquisitions and lend to market intermediaries. In an interview with ET Now, Dinesh Kumar Khara, former chairman of SBI, shared his views on the implications.Misselling standards indicate stricter scrutiny Khara said concerns about misselling have been growing […]

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RBI’s proposed norms for the sale of financial products could impact fee income for banks
Personal Finance

RBI’s proposed norms for the sale of financial products could impact fee income for banks

A senior banker underlined that the RBI’s proposal could impact larger banks, which have a large CASA (current account, savings account) base and have built up the ability to aggressively sell third-party products | Photo credit: REUTERS/AJAY VERMA Banks may become more cautious in selling third-party products if the draft instructions for advertising, marketing and […]

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