RBI to Implement New Rules Against Financial Product Mis-selling and Enhance Digital Fraud Measures
13 hours agoBusiness
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1 SourcesMumbai, India
TBNthebalanced.news
RBI to Implement New Rules Against Financial Product Mis-selling and Enhance Digital Fraud Measures

The Reserve Bank of India (RBI) is set to introduce new regulations for financial institutions regarding advertising and marketing practices to prevent the mis-selling of financial products. The central bank also plans to harmonize loan recovery guidelines and review customer liability for unauthorized digital transactions. Initiatives like MuleHunter.ai and DPIP are being developed to combat digital fraud, following a reported decline in fraud cases but an increase in amounts in 2024-25.

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