New RBI draft norms to curb mis-selling of financial products are poised to impact private sector banks more significantly due to their higher reliance on insurance income. These banks have seen a notable increase in insurance income’s share of their ‘other income’ over recent years, a trend less pronounced in public sector banks.
​New RBI draft norms to curb mis-selling of financial products are poised to impact private sector banks more significantly due to their higher reliance on insurance income. These banks have seen a notable increase in insurance income’s share of their ‘other income’ over recent years, a trend less pronounced in public sector banks. by Soban News (international And National News)
