RBI’s New Draft Rules Clamp Down on Digital Banking Risks: Ban on Third-Party Promotions, Strict Consent and Heightened Security
In a move to enhance consumer safeguards and curb potential abuses in online banking, the Reserve Bank of India (RBI) has introduced draft guidelines that prohibit banks from displaying third-party products on their digital platforms while mandating explicit customer approval and robust risk assessments. Unveiled on July 22, 2025, as part of the “Digital Banking…