<h1>RBI Seeks Public Feedback on Draft Guidelines for Bank Wealth Management to Tackle Mis-Selling and Fraud Risks by July 31, 2013.</h1> The Reserve Bank of India (RBI) has published draft guidelines for wealth management, marketing, and distribution services offered by banks, seeking public feedback by July 31, 2013. This initiative follows the 2013-14 Monetary Policy Statement, which highlighted reputational risks faced by banks due to mis-selling, conflicts of interest, and fraud in wealth management services. The proposed guidelines aim to address these issues and provide a comprehensive framework for banks offering referral, investment advisory, and portfolio management services. The RBI invites comments to refine these guidelines and ensure effective regulation of third-party financial product distribution.