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  • News From Press Boosting non-interest income: PSBs under PCA tie up with insurers and MF aggregators

    Boosting non-interest income: PSBs under PCA tie up with insurers and MF aggregators

    Source: Business Standard Jun 9, 2018

    With curbs on lending, bond yields shooting up and a limited portfolio of non-core assets to monetise, the smaller public sector banks (PSBs) under the Reserve Bank of India’s (RBI) prompt corrective action (PCA) framework are relying on non-credit products, such as insurance and mutual-fund distribution, to boost their income.

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    1 Comment
    Prashant · 5 years ago `
    My god...now we will see a huge wave of misselling of financial products and because of banks we the distributors will be blamed for this as usual. This is very dangerous
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