............The Reserve Bank of India (RBI) needs to ensure that banks fall in line because bank branches are dens of mis-selling at the moment. RBI must lean on banks to get Sebi Adviser Regulation-compliant. The regulation navigates the regulatory turf quagmire of dealing with banks by asking banks, non-banking financial companies (NBFCs) and other corporate bodies that have bundled advice and vending to segregate the two. What this means is that the bank branch will now have..........
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