As per the report appearing in The Economic Times, Reserve Bank of India, to lend transparency, directed the banks to disclose the commission received by them from Mutual Funds and Insurers for referring their products to customers.It is reported that these directions would come into force with immediate effect.
Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance-/banking/RBI-asks-banks-to-disclose-commission-from-MF-insurers/articleshow/5237149.cms
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