RBI’s new banking rules explained: How you’re protected from fraud, mis-selling and recovery harassment

The Reserve Bank of India has rolled out tough new regulations to shield consumers from mis-selling, harsh loan recovery, and digital fraud. Banks and NBFCs now face tighter conduct standards, while customers get compensation for small-value frauds up to Rs 25,000. These reforms mark a major shift toward making India's financial system safer and more accountable for everyday users.