RBI announces series of measures to strengthen customer protection
Mis-selling financial products and services by any Regulated Entity (RE) has significant consequences for both customers as well as the RE.
Mis-selling financial products and services by any Regulated Entity (RE) has significant consequences for both customers as well as the RE.
Indian banks domestically have done reasonably well during 2020-21 and also in the first half of 2021-22, notwithstanding the pandemic woes. Gross NPAs of SCBs have come down to 6.9 percent, the lowest in 06 years, as of September 2021 from an all-time high of 11.5 percent in March 2018.PSBs have earned profit in 2021 for the first time in 05 years.
According to S&P, 3-8 per cent of loans could get restructured.
