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As announced in the Statement on Developmental and Regulatory Policies dated February 6, 2026, the Reserve Bank had issued the draft Reserve Bank of India (Responsible Business Conduct) Amendment Directions, 2026 on February 11, 2026 for seeking feedback from stakeholders. The draft Amendment Directions proposed to have comprehensive instructions on advertising, marketing and sale of financial products and services (including third-party products and services) by banks and NBFCs, which included various aspects related thereto such as activities of Direct Selling Agents (DSAs) / Direct Marketing Agents (DMAs), dark patterns, prevention of mis-selling, etc. 2. Feedback received on the above draft Directions has been examined and the consequent modifications have been suitably incorporated in the final Amendment Directions. A statement on the feedback received is provided in Annex I. Accordingly, the Reserve Bank has today issued the following Amendment Directions, which shall come into effect from January 1, 2027. 3. In the above backdrop, the feedback received on the draft Directions, amending the regulatory framework on ‘Agency Business and Referral Services’ offered by REs, issued vide Reserve Bank of India (Undertaking of Financial Services) Directions, 2025, has also been examined and the consequent modifications have been suitably incorporated in the final Amendment Directions. A statement on the feedback received for the draft Amendment Directions is provided in Annex II. Accordingly, the Reserve Bank has also today issued the following Amendment Directions, which shall come into effect from January 1, 2027. (Brij Raj) Press Release: 2026-2027/460 |
