Banking #banking#mis-selling
RBI tightens mis-selling rules; banks barred from incentive structures that encourage aggressive sales
The Reserve Bank of India on Monday tightened norms governing the advertising, marketing and sale of financial products and services to curb mis-selling. Banks and NBFCs are barred from incentive structures that encourage aggressive sales. The revised directions, effective January 1, 2027, adopt a principle-based, channel-agnostic approach and cover digital intermediaries including social media influencers.
Jun 15, 2026 1 source