Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Banks’ ₹25k-crore insurance boost faces RBI reality check
Mint Chennai
|February 17, 2026
The regulator's proposed rules to curb mis-selling of third-party products by banks will likely dent their earnings from insurance policy sales, a ₹22,000-25,000 crore-a-year business for lenders.
On 11 February, the Reserve Bank of India (RBI) released draft guidelines targeting mis-selling, bundled sales, and even “dark patterns” in banking apps, redrawing the boundaries of how banks sell such products. The new rules take effect in July.
“The responsibility on banks has increased a lot,” said Anil Gupta, senior vice-president and co-group head of financial sector ratings at Icra. The onus, he said, is on them to ensure the right products are sold to their customers, which will increase operational and compliance costs.
This story is from the February 17, 2026 edition of Mint Chennai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Chennai
Mint Chennai
How cybercrime became a leading industry in 'Scambodia'
Crime syndicates in Cambodia corrupt officials, enslave workers and fleece victims worldwide
8 mins
April 21, 2026
Mint Chennai
GIFT City funds unwrap box of goodies to lure talent
Asset management companies (AMCs) are trying everything — pay hikes, relocation perks and faster career tracks — to coax fund managers into swapping their Bandra Kurla Complex offices for a new life in GIFT City, about 500 km away.
1 min
April 21, 2026
Mint Chennai
Top private banks brace for a series of succession tests
A clutch of top private banks will decide by the end of next year who their new chief executives would be, and while the incumbents remain eligible, industry experts are keen on clarity over the second line of leadership.
1 min
April 21, 2026
Mint Chennai
Iran wary on talks as tensions rise following US ship seizure
Iran expressed reluctance to send diplomats to Pakistan for a second round of peace talks after the US maintained its blockade of the Strait of Hormuz and seized an Iranian ship.
4 mins
April 21, 2026
Mint Chennai
Deal activity value jumps 18% in 2025
Overall deal activity in the country jumped 18% by value to $123.8 billion in 2025, despite a 3% drop in the number of transactions, a report said on Monday.
1 min
April 21, 2026
Mint Chennai
Q4 revives ICICI re-rating hopes
ICICI Bank Ltd reported strong loan growth and sharply lower provisions in the March quarter (Q4FY26), just what it needed in a period when operating costs rose faster than income.
2 mins
April 21, 2026
Mint Chennai
NITI Aayog preps overhaul of first- and last-mile transport
survey for FY26, citing studies by various domestic and foreign organisations, noted that traffic congestion is a serious issue in Indian cities, often leading to loss of productivity, and consequently, income.
1 mins
April 21, 2026
Mint Chennai
Certus plans ₹2,000 cr for realty projects
Real estate investment firm Certus Capital plans to invest around ₹2,000 crore in residential, office and mixed-use development projects in 2026-27, said a top executive.
1 min
April 21, 2026
Mint Chennai
We mustn't let climate action fall off the agenda of investors
Health is grabbing ESG funds but going green can fight illness too
3 mins
April 21, 2026
Mint Chennai
'Bai Hirabai Trust clause change will not validate current board'
Mehli Mistry, former trustee of Tata Trusts, has said that the plan to amend restrictive clauses that limit trustee eligibility at an affiliate trust to Zoroastrians amounts to an admission that its current board is not in compliance with the 103-year-old trust’s laws.
1 mins
April 21, 2026
Listen
Translate
Change font size