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Tighter norms to curb mis-selling

The Morning Standard

|

February 12, 2026

WITHIN days of announcing to come up with a stricter direction to curb the rising menace of mis-selling of financial products, mostly insurance and mutual funds, the Reserve Bank on Wednesday issued a draft direction proposing tighter norms on marketing and sale of financial products, and also banning their bundling by banks, dark patterns, apart from mandating explicit customer consent.

- BENN KOCHUVEEDAN @ Mumbai

The draft ‘Responsible business conduct amendment directions, 2026’, sets out detailed norms on advertising, marketing and sale of financial products and services by banks.

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