Critical Analysis of consumer protection in the financial sector
financial sector, consumer rights, consumer protection, banks, &services.
During the past three decades, the financial industry in India has been subjected to numerous fast reform measures. In response to the market forces of demand and supply, India's financial markets have seen significant transformations in the post-reform era. Deregulation efforts have been initiated by the regulatory agencies with the hope that the market will straighten up any anomalies. After the 2008 Global Financial Crisis, several economies have recognised the significance of consumer protection in financial services. Financial Sector Legislative Reforms Commission (FSLRC) was established in India to manage market volatility. Consumer Protection in the financial services sector is crucial. There should be no consumer complaints owing to false information or asymmetrical regulations and rules. Unfortunately, the Consumer Protection Act of 1986 in India has a little portion of the pie reserved for financial services, while the rest of the pie is reserved for products and services. This paper discusses the Consumer Protection Framework in the Financial Services & Sector and the reasons why such a framework must be enhanced. The study identifies a number of significant observations that are incorporated into the research findings.
" Critical Analysis of consumer protection in the financial sector", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.8, Issue 3, page no.e174-e188, March-2023, Available :https://ijnrd.org/papers/IJNRD2303422.pdf
Volume 8
Issue 3,
March-2023
Pages : e174-e188
Paper Reg. ID: IJNRD_189274
Published Paper Id: IJNRD2303422
Downloads: 000118871
Research Area: Other
Country: Ahmedabad, Gujarat, India
ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJNRD (IJ Publication) Janvi Wave
