.............."Given that a chunk of life insurance money goes toward buying government securities, is there a conflict of interest for the RBI as the government debt manager? It is easier to turn a blind eye to institutional miss-selling. Also, why did it take our magazine to expose such practices by so many bank employees? Why weren't the KYC norms followed by the banks?" Bahal asked. An email query sent to the RBI on the issue remained unanswered when the story went to press.
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