Finance
Mr. BillionhairRBI's Big Move: No More Sneaky Bank Bonuses, Folks!
Listen up, America! The RBI is making banks play fair—no more sneaky bonuses or dark patterns! They’re taking charge, folks! Starting July 1, 2026, you’ll know exactly what you’re buying. It’s all about the consumer, and it’s going to be YUGE! I told you so! Banks better shape up or ship out! This is a tremendous win for everyone!
few days ago | Manojit Saha
Quick rundown
1.RBI proposes new norms to curb mis-selling in banks.
2.Banks can't bundle third-party products with their own.
3.Incentives for selling third-party products may be banned.
4.Customer feedback mechanism to be established within 30 days.
5.New norms aim to protect consumers and restore trust in banking.
