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RBI issues stricter norms to curb mis-selling of financial products

RBI issues stricter norms to curb mis-selling of financial products

by AIP Online Bureau | Jun 15, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries, Regulation

The regulator also laid out a broad ​definition of ​mis-selling, which includes practices such as offering ​products that are unsuitable for the ‌customer, providing misleading or inaccurate information, selling products without obtaining explicit consent from the...
China urges Nestlé SA to work quickly in recalling baby formula products

China urges Nestlé SA to work quickly in recalling baby formula products

by AIP Online Bureau | Jan 12, 2026 | Eco/Invest/Demography, International News, Risk Management

While Nestlé has yet to tally the total cost of the global recall, it does not expect a significant financial impact. The affected batches represent significantly less than 0.5% of annual group sales, Nestlé said. However, some analysts are estimating a potentially...
Mis-selling in insurance sector significant concern:Irdai

Mis-selling in insurance sector significant concern:Irdai

by AIP Online Bureau | Jan 4, 2026 | Indian News, Life, Regulation

The total number of grievances registered against life insurers has remained almost the same at 1,20,429 in 2024-25 against 1,20,726 in 2023-24, whereas the total number of grievances registered under UFBP (Unfair Business Practices) has increased from 23,335 in...
Industry must follow ethical practices in labelling advertising food products: Govt

Industry must follow ethical practices in labelling advertising food products: Govt

by AIP Online Bureau | Aug 13, 2025 | Eco/Invest/Demography, Indian News

“Food labelling should not just be a marketing tool, but it should also be treated as the most essential factor of trust between a manufacturer and a consumer. We want truthful and honest declaration of whatever is contained in the food product, and the consumer...
Madras High Court bans 28 plastic products in Western Ghats

Madras High Court bans 28 plastic products in Western Ghats

by AIP Online Bureau | Apr 16, 2025 | Climate, Environment, Renewable Energy, Indian News, Risk Management

The bench directed the Tamil Nadu government to issue a notification under the Motor Vehicles Act stipulating a condition that no vehicle shall be used for the transportation/distribution of banned items in the Western Ghats, which includes the Nilgiris and...
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