Mumbai, Feb. 7 -- The Reserve Bank of India (RBI) on Friday unveiled a set of measures aimed at protecting customers, including compensation for those who fall prey to minor frauds, as well as plans to curb the mis-selling of financial products. Governor Sanjay Malhotra said that the central bank will issue three draft guidelines for customer protection. The first concerns mis-selling; the second, the recovery of loans and the engagement of recovery agents; and the third, limiting customer liability for unauthorized electronic banking transactions. "It is also proposed to introduce a framework to compensate customers up to an amount of Rs.25,000 for loss incurred in small-value fraudulent transactions," said Malhotra. Customers who fall pre...