The RBI mandated explicit consent, suitability assessments, and compensation mechanisms to prevent unfair sales practices by Local Area Banks. The key takeaway is that customer welfare now occupies a ...
The RBI has mandated that NBFCs obtain explicit customer consent before selling financial products and prohibited misleading sales practices. The Directions strengthen consumer rights by introducing ...
HSF does not agree with this attempt to absolve municipalities of their obligations as a means of addressing financial and ...
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