How will RBI's draft rules on mis-selling impact banks, insurers?

RBI draft rules on mis-selling aren't meant to stop banks from selling third-party products but to ensure ethical practices, said SBI ex-chair Dinesh Khara. Banks may lose bundled income, not all revenue, he added. Further, the impact on insurance firms could be more visible in the short term, especially for those dependent on bancassurance (banks acting as agents for insurers).