RBI needs to put in place better protections for retail investors Colour code it red for danger
Why retail investors always lose and what you can do. Also why we need a seller beware market place
AT1 bonds were sold by bonus-seeking RMs of Yes Bank to FD holders and zero risk investors. This is mis-selling and fraud.
The banks have been used by the political system to fund elections and themselves. When private owners begin to mimic them, you get a YesBank blowup.
With the government opening a new window to sell its stocks and bonds, things should begin to change in the life insurance industry. The Bharat Bond issue is making the insurance industry begin to worry.
Banks mis-selling financial products is rampant in India. The regulator is unable to capture these.
For a product that needs a total rehaul, the insurance regulator is making a joke of consumer protection.
Closed end funds have been used by the industry to cheat investors. Time this practice is stopped.
The regulator was in denial for 10 years that banks were responsible for mis-selling. Accepting complaints now is too little too late.
The insurance regulator responded to my column with a 7 page letter. I use their main argument and rebut it in this piece.