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IndiaEconomy6 days ago

RBI tightens norms on bundled products; lenders to refund for mis-selling

The Reserve Bank of India (RBI) has introduced stricter regulations regarding bundled financial products, requiring lenders to provide refunds if customers were misled into purchasing these products.

Source document: Reserve Bank of India

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Business StandardIndependent🔒Center6 days ago
RBI tightens norms on bundled products; lenders to refund for mis-selling

The Reserve Bank of India (RBI) has introduced stricter regulations regarding bundled financial products, requiring lenders to provide refunds if customers were misled into purchasing these products.

Bias read (Center): The article reports on regulatory changes by the RBI without apparent ideological framing. It focuses on policy implementation rather than taking a stance on the regulation itself or its implications.

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