RBI Cracks Down On Financial Mis-Selling; New Norms Bar Incentive Structures Driving Aggressive Sales

Regulated entities are responsible for all marketing, including via agents and digital intermediaries The Reserve Bank of India (RBI) on Monday tightened norms governing the advertising, marketing and sale of financial products and services, seeking to curb mis-selling and strengthen accountability across all distribution channels, including social media influencers and digital marketing intermediaries. The revised directions, which will come into…

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