RBI issues stricter norms to curb mis-selling of financial products

Mumbai, Jun 15 (PTI) The Reserve Bank on Monday issued stricter norms to curb mis-selling of financial products and services, barring banks from having incentive structures that promote aggressive sales practices. The revised provisions, which will come into effect from January 1, 2027, adopt a "principle-based and channel-agnostic approach" that also covers social media influencers as well as digital marketing…

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