FM Sitharaman Warns Banks: Mis-Selling Financial Products is an Offence, RBI to Tighten Rules

Last updated: 24 February 2026

The government has issued a strong warning to banks over the mis-selling of financial products, particularly insurance, as part of a broader push to strengthen consumer protection in Indias banking sector. Finance Minister Nirmala Sitharaman said mis-selling should be treated as an offence and not m

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