With cases of mis-selling by banks continuing to come into light Reserve Bank of India plans to introduce the concept of `treat customer's fairly' (TCF) for sale of third-party products. Under the TCF norms, introduced first by UK's Financial services authority, it is not enough for banks to merely stick to rules, they must prove that they have acted in the best interest of the customer. ..........
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment