The RBI has issued comprehensive guidelines regulating how RRBs advertise, market, and sell financial products. The reforms aim to prevent mis-selling and strengthen customer safeguards across rural banking services.
The RBI has issued detailed guidelines governing the marketing and sale of financial products by UCBs. The framework focuses on preventing mis-selling and strengthening customer safeguards.
The new framework mandates explicit customer consent, suitability assessments, and compensation mechanisms to address mis-selling and strengthen consumer protection in rural banking.
The issue was whether disciplinary action against an Insolvency Professional could proceed solely on the basis of pending criminal and regulatory proceedings. The IBBI held that definitive findings would be premature until the competent forums adjudicated the underlying allegations.
The Directions impose due diligence, training, identification, and code of conduct requirements on DSAs and DMAs engaged by AIFIs. The ruling holds institutions responsible for the conduct of their marketing channels.
The RBI has mandated that NBFCs obtain explicit customer consent before selling financial products and prohibited misleading sales practices. The Directions strengthen consumer rights by introducing compensation mechanisms for proven cases of mis-selling.
The Directions require banks to publicly disclose third-party arrangements on websites and digital channels while restricting integration of referral products into banking platforms. The ruling promotes informed customer choice and operational clarity.
The RBI has introduced a revised framework governing agency and referral arrangements, strengthening consumer protection and imposing stricter compliance obligations on commercial banks.
The Directions require banks to publicly disclose third-party arrangements on websites and digital channels while restricting integration of referral products into banking platforms. The ruling promotes informed customer choice and operational clarity.
The RBI has overhauled the framework governing agency and referral activities of Payments Banks, introducing stronger customer protection measures and stricter operational boundaries.
