RBI tightens mis-selling rules; banks barred from incentive structures that encourage aggressive sales

In order to curb mis-selling and hold regulated entities accountable across all distribution channels, including social media influencers and digital marketing intermediaries, the Reserve Bank of India (RBI) on Monday tightened norms governing the advertising, marketing and sale of financial products and services. The revised directions, which will come into force from January 1, 2027,…

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‘A special day’: PM Modi to inaugurate Piprahwa relics exposition; repatriated Buddha-linked treasures on display | India News

PM Modi, Inscribed relic casket from Piprahwa (Picture- Ministry of culture) NEW DELHI: Prime Minister Narendra Modi on Friday said he will inaugurate the Grand International Exposition of Sacred Piprahwa Relics in Delhi on Saturday, calling it a special moment for those who care about India’s history, culture and the teachings of Bhagwan Buddha.In a…

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HDFC Bank shares drop 2% on reports of probe regarding Rs 45 crore interest payments; bank ‘strongly rejects’ claims

HDFC Bank share price today: Shares of HDFC Bank, India’s largest private sector bank, dropped as much as 2% on Wednesday after a newspaper report alleged that the bank had made improper payments to a state government agency in an effort to attract deposits.At 1:38 PM, shares of HDFC Bank were trading at Rs 760.70,…

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Majors post 11% weekly gains as bitcoin tests $75,000

Bitcoin BTC$74,074.35 briefly touched $75,912 early Tuesday before pulling back to $74,372, but the intraday volatility is less interesting than the weekly picture beneath it. CoinDesk reported earlier Tuesday that the push above $75,000 was driven by derivatives activity rather than fresh buying, specifically the closure of large $60,000 put positions that forced market makers…

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