RBI Enacts Magical Ban on Third-Party Incentives in Banking

In a bold enchantment, the Reserve Bank of India has waved its wand to guard the realm from the treachery of mis-selling by banks. With a flick, they’ve decreed a ban on third-party incentives, ensuring banks brew only their own potions. A feedback spell must be cast within 30 days, and customer consent is now the magic key for loans, all to keep our financial world safe and sound!