Nowadays, fraudulent banking transactions are being reported by a large number of customers, but as per RBI's  revised directions on ‘Customer Protection – Limiting Liability of Customers in Unauthorized Electronic Banking Transactions,' customers suffering any loss due to a third party fraud or unauthorized transaction caused due to fraud or negligence on bank's part will be solely borne by the bank, if it is reported within three working days and the entire amount will be credited to the customer's account within ten working days. However, if any loss is caused due to customer's fault or negligence, bank will not be liable to return any money. Read more at http://www.financialexpress.com/industry/banking-finance/customers-should-report-fraud-in-3-days-to-avoid-losses-says-rbi/752493/

The Reserve Bank of India (RBI) launched its June 2016 round of 'Inflation Expectations Survey of Households' on 14th June, 2016 across 18 cities, including Ahmedabad, Chandigarh, Patna and Thiruvananthapuram. This was released when rising Consumer Price Index (CPI) and Wholesale Price Index-based inflation is dominant. According to the RBI, the survey results will be providing useful policy information. Read more at: http://www.business-standard.com/article/economy-policy/rbi-launches-inflation-expectations-survey-116061401236_1.html

The sale of insurance and other similar products through a bank to help it customers at situations is known as Bancassurance. Development of Bancassurance in India began to improve the channels of insurance policy so as to reach the hands of the common, to widen the area of working of banking sector, to improve the services of insurance. The Reserve Bank of India and the insurance development and regulatory authority have a set of guidelines for companies to form Bancassurance. It basically encourages people to buy insurance policies increasing the number of providers. It also has demerits such as interest conflict of bank and insurance policies, compromising on data security, etc. Read more about this article at: http://tips.thinkrupee.com/articles/bancassurance-in-india.php