https://www.taxtmi.com/news?id=71227 The Finance Minister urged banks to stop mis selling non bank financial products and focus on core functions of deposit mobilisation and lending. She identified a regulatory gap between banking and insurance regulators that enabled unnecessary insurance sales. The RBI's draft guidelines require full refunds and compensation for mis sold products, invited public feedback until March 4, and set a proposed implementation date of July 1; the RBI also emphasised deposit and credit growth and its approach to policy rate decisions and liquidity provision. en-us Mon, 23 Feb 2026 16:46:03 +0530 Mon, 23 Feb 2026 16:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71227 The Finance Minister urged banks to stop mis selling non bank financial products and focus on core functions of deposit mobilisation and lending. She identified a regulatory gap between banking and insurance regulators that enabled unnecessary insurance sales. The RBI's draft guidelines require full refunds and compensation for mis sold products, invited public feedback until March 4, and set a proposed implementation date of July 1; the RBI also emphasised deposit and credit growth and its approach to policy rate decisions and liquidity provision. News - Mon, 23 Feb 2026 16:46:03 +0530 https://www.taxtmi.com/news?id=71227