RBI bans aggressive sales incentives in new mis-selling rules
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
The Reserve Bank of India has introduced new rules aimed at preventing the mis-selling of financial products. The rules appear to ban incentive structures that encourage aggressive sales tactics, with some reports suggesting that "dark patterns" will also be prohibited, possibly from 2027. The new guidelines may impact the business models of banks and other financial institutions, potentially affecting their sales revenues.
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