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  • News From Press Banks now liable for mis-selling insurance: Here is how to complain to banking ombudsman

    Banks now liable for mis-selling insurance: Here is how to complain to banking ombudsman

    Source: The Economic Times Sep 6, 2017


    Walk into any bank branch and there is a high chance of you getting hounded by bank and insurance companies officials to invest in mutual funds or buy an insurance policy.

    Now, what they are doing is not against the law because banks are actually allowed to cross-sell third-party products such as insurance and mutual funds to their customers.

    However, after buying such a product from a bank, if you have a grievance, the bank will not help you. In fact, banks wash their  ..

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