In a rare instance, the Reserve Bank of India (RBI) made certain adverse observations against Pandey, and it wanted the Department of Financial Services (DFS) to “factor” them in while considering his appointment as CEO, ET reported July 13. The RBI’s observations had to do with Pandey’s “conduct” and were not related to any vigilance case.
Insurance mis-selling is arising because upfront commissions are too high: Ajay Seth, Chairman, IRDAI
The benefit of cost efficiency should be passed on to customers. This entire exercise is intended to ensure that the public and policyholders benefit. For