RBI puts curbs on banks' sale of third-party products (opens original article in a new tab)

RBI has imposed restrictions on banks' sale of third-party products, prohibiting incentives for employees and compulsory bundling, ensuring customer choice.

• RBI prohibits third parties from paying incentives to bank employees
• Banks cannot compulsorily bundle third-party products with their own products
• Customers must have choice to purchase third-party products from any provider