The RBI mandated explicit consent, suitability assessments, and compensation mechanisms to prevent unfair sales practices by Local Area Banks. The key takeaway is that customer welfare now occupies a ...

The RBI has mandated that NBFCs obtain explicit customer consent before selling financial products and prohibited misleading sales practices. The Directions strengthen consumer rights by introducing ...

Balance sheets and income statements are important tools to help you understand the finances and prospects of your business, but the two differ in key ways. Knowing when to use each is helpful in ...