The directions impose a strict consent-capture and interface-design protocol, closing gaps left in the Feb 11 draft. According to the framework, banks must capture explicit consent via verifiable modes such as signed physical/electronic declarations, OTP approvals, recorded confirmations or clearly demarcated agreement clauses. RBI said interfaces must default to ‘No’ or ‘I do not agree’, forcing conscious opt-in.
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RBI issues stricter norms to curb mis-selling by lenders
- by The News Vista
- June 16, 2026
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- 3 days ago

