Complaints related to mis-selling of financial products on the rise1 min read . Updated: 17 Dec 2019, 10:45 PM IST
- RBI received 1,115 complaints related to mis-selling of financial products in 2018-19 compared with 579 in 2017-18
- Mis-selling is a practice in which a product or service is misrepresented or a customer is misled about its suitability
Despite repeated warnings by the Reserve Bank of India (RBI) to banks on mis-selling of financial products, customers are seeing no end to their plight, data cited by the regulator showed on Tuesday.
Select your Category
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more