Mis-selling an offence under Bharatiya Nyaya Sanhita, banks should concentrate on core business: FM
Published on: Feb. 23, 2026, 3:37 p.m. | Source: Daily Excelsior
NEW DELHI, Feb 23: Finance Minister Nirmala Sitharaman on Monday came down heavily on banks resorting to mis-selling of financial products, including insurance, saying it is an offence under the Bharatiya Nyaya Sanhita (BNS). “Banks should concentrate on their core business… My pet peeve has always been …. you’re spending more time on selling insurance when it is not required, and conveniently, it fell between two stools (of RBI and IRDAI),” Sitharaman told reporters after her customary post-Budget address to […]
