RBI moves to prevent banks from mis-selling financial products: How will it protect customers?
The RBI directions to banks include obtaining the customer’s explicit consent, ensuring product suitability for the customer before it is marketed, and giving a refund with compensation where mis-selling is established.
The RBI directions to banks include obtaining the customer’s explicit consent, ensuring product suitability for the customer before it is marketed, and giving a refund with compensation where mis-selling is established.
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