Business · 1 sources covering this

RBI issues stricter norms to curb mis-selling by lenders

The directions impose a strict consent-capture and interface-design protocol, closing gaps left in the Feb 11 draft. According to the framework, banks must capture explicit consent via verifiable modes such as signed physical/electronic declarations, OTP approvals, recorded confirmations or clearly demarcated agreement clauses. RBI said interfaces must default to ‘No’ or ‘I do not agree’, forcing conscious opt-in.

Share:WhatsApp X Reddit Facebook LinkedIn

Coverage spectrum

0 L · 0 C · 1 R

How 1 sources are covering this

Times of IndiaLean R·2h ago
RBI issues stricter norms to curb mis-selling by lenders
The directions impose a strict consent-capture and interface-design protocol, closing gaps left in the Feb 11 draft. According to the framework, banks must capture explicit consent via verifiable modes such as signed physical/electronic declarations, OTP approvals, recorded confirmations or clearly demarcated agreement clauses. RBI said interfaces must default to ‘No’ or ‘I do not agree’, forcing conscious opt-in.
Read at Times of India →

Embed this bias spectrum on your site

Paste this iframe wherever you'd like the widget to appear. Resizes responsively; no JS required.

<iframe
  src="https://hindustansphere.com/embed/cluster/4c9aed2c830ed49dce327f7f3d175e3ad0086f6b"
  width="100%" height="320"
  style="border:0;max-width:680px"
  loading="lazy"
  title="RBI issues stricter norms to curb mis-selling by lenders"></iframe>

RBI issues stricter norms to curb mis-selling by lenders

How 1 sources are covering this

RBI issues stricter norms to curb mis-selling by lenders

More from Business

Oil prices still above pre-war levels despite US-Iran truce hopes

India Inc. is profitable. So why isn’t it investing?

Era of software and MBA is over: CEA

Caught On Camera: US B-52 Bomber Crashes After Take-Off, All On Board Feared Dead

Reader

Trust & legal

Across the network