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RBI's Bold Moves to Body Slam Misselling Shenanigans

RBI's Bold Moves to Body Slam Misselling Shenanigans

Listen up, folks! The RBI is stepping into the ring to tackle misselling like a champ! They're dropping a new code of conduct to keep those sneaky sales tactics in check. With the lending world on notice, it’s time to stop pushing products that don’t fit the bill! If you’re not protecting customers, get ready to feel The Rock’s wrath!

Quick rundown

  1. RBI drafts new guidelines to curb misselling.
  2. Misselling defined for the first time by RBI.
  3. Incentive structures under scrutiny for promoting misselling.
  4. RBI's penalties are small compared to global standards.
  5. Balancing customer protection with freedom of choice is crucial.

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