https://www.taxtmi.com/news?id=14977 The Reserve Bank emphasises consumer protection through conduct rules and targeted initiatives: a Charter of Customer Rights; KYC simplification and e KYC; loan pricing transparency and one page key fact statements; suitability assessments and incentive controls for insurance distribution; strengthened card security and grievance redress mechanisms; deposit insurance considerations tied to moral hazard and a shift toward risk based premiums; and consumer focused design and licensing safeguards for Payments Banks and Small Finance Banks, including mandatory grievance cells and inclusion under the Banking Ombudsman. en-us Fri, 11 Sep 2015 17:54:46 +0530 Fri, 11 Sep 2015 17:54:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14977 The Reserve Bank emphasises consumer protection through conduct rules and targeted initiatives: a Charter of Customer Rights; KYC simplification and e KYC; loan pricing transparency and one page key fact statements; suitability assessments and incentive controls for insurance distribution; strengthened card security and grievance redress mechanisms; deposit insurance considerations tied to moral hazard and a shift toward risk based premiums; and consumer focused design and licensing safeguards for Payments Banks and Small Finance Banks, including mandatory grievance cells and inclusion under the Banking Ombudsman. News - Fri, 11 Sep 2015 17:54:46 +0530 https://www.taxtmi.com/news?id=14977