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RBI proposes ban on 3rd‑party sales incentives to bank staff to curb mis-selling

RBI proposes ban on 3rd‑party sales incentives to bank staff to curb mis-selling

by AIP Online Bureau | Feb 12, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries, Regulation, Risk Management

The RBI mandated banks to refund the entire sum where mis‑selling has been established and to compensate customers for any losses in line with approved policies. Mumbai: The Reserve Bank of India (RBI) has proposed a ban on incentives paid by third parties to bank...

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