mumbai, Feb. 12 -- India's central bank has moved to redraw the boundaries of how banks sell financial products, unveiling sweeping draft rules that target mis-selling, bundled sales and even "dark patterns" in banking apps. The proposed framework on responsible business conduct released by the Reserve Bank of India (RBI) on Wednesday mandates explicit, recorded consent for every product, bars coercive cross-selling, and requires full refunds with compensation where mis-selling is proven. Comments on the draft have been invited until 4 March. The new regulations will come into effect from 1 July. The RBI had said in its monetary policy last week that said third-party products sold by banks must be suitable to customer needs and aligned with...