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RBI cracks down on mis selling and coercive recovery with new consumer protection rules
Economy
Published on 24 April 2026
Compensation could follow small value digital fraud cases
The Reserve Bank of India is tightening customer protection through new rules aimed at stopping mis-selling of financial products and curbing coercive loan recovery practices. The RBI is also proposing a compensation framework for small value fraudulent digital transactions, seeking to make the financial system safer and more accountable for consumers nationwide.
- New norms target mis-selling of financial products
- Harsh and coercive loan recovery practices face scrutiny
- Proposed compensation for small value digital fraud
- Policy focus shifts toward stronger consumer protection
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times