IBA drafts guidelines for bank advts
Considering the central bank’s concern over advertisements providing distorted information or sending wrong signals, the Indian Banks’ Association (IBA) has drafted a code of self regulation for its members.

Considering the central bank’s concern over advertisements providing distorted information or sending wrong signals, the Indian Banks’ Association (IBA) has drafted a code of self regulation for its members.
As per the Reserve Bank of India’s (RBI) recent communication, to ensure market discipline, IBA would have to monitor how far its members are complying with the code.
RBI had advised banks to review the extant instructions in the light of the improvements in transparency and disclosure standards brought about in the system in the past 3-4 years.
According to IBA sources, the codes aim at setting ethical standards to ensure that the public form an informed decision/ opinion about any member bank. The code of conduct would cover advertisements through print and electronic media and pamphlets, brochures used as publicity material. IBA’s managing committee, at its recent meeting, has given its approval for the code.
As per the code of conduct, banks would have to take out performance details highlighted in public advertisements from published financial statements and disclosures made therein.
Awards, ratings, rankings given by outside agencies, financial dailies, journals and magazines would be projected in the advertisements, only if they are given by reputed agencies and publishing houses with a national standing.
IBA has made it clear that awards, ratings and rankings given by outside agencies, financial dailies, journals, magazines and publishing houses with highly localised and regional operations would not be used for public advertisements, covering all parts of the country.
To the extent possible, the banks would have to give details of the selection process and parameters used by the bodies giving awards, ratings and rankings in the advertisements for the information of the public.
“In a competitive environment, highlighting achievements in advertisements by banks are not uncommon. Thus creating a level-playing field for banks in this regard, merits consideration. At the same time, the regulatory concern that the advertisements may provide distorted information or send wrong signals, which are not in the interests of the depositors, needs to be addressed,” RBI said.
According to RBI, one option is to allow banks to bring out such advertisements but with an element of self regulation.
RBI recalled that several banks had been publicising ratings and rankings given by financial dailies, journals and magazinesin their advertisements. An analysis of these ratings revealed wide divergence as regards rating methodologies employed and financial parameters considered, leading to different ratings by different agencies.
Since such ratings were not found to be comparable across different rating models and the validity of such ratings was questionable, banks were advised by RBI in January 2000 to desist from highlighting them in public advertisements.
“The rationale underlying the prohibition of ratings was the possibility that the bank’s customers could be misled by the widespread dissemination of the same,” RBI said.
However, RBI added that with greater transparency and disclosure standards, the banking environment has improved significantly, since the time these instructions were issued.
RBI asserted that today, people are generally in a far better position to arrive at an informed decision/ opinion about a bank, and the chances of their getting swayed through promotional advertisements are comparatively lesser.
“Hence, it is considered that our extant instructions on public advertisements warrant a review, especially when several areas of banks’ operations have been deregulated,” RBI concluded.
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E4M Our strategy is to target younger audiences through Sports: Rajiv Dubey, Dabur
The Head of Media at Dabur India spoke exclusively to exchange4media on the World Cup, associating with Indian Idol, the company’s digital spending and much more
With quirky campaigns, memes and moment marketing, timed with the ongoing World Cup and particularly the India-Pakistan matches, Dabur India has got considerable consumer attention for its popular brands – Red Paste, Cool King Hair Oil, Chyawanprash, Dabur Vita and the recently launched Bae Fresh Gel toothpaste.
The 140-year-old company is going big on key sporting events, World Television Premiere (WTP) movies and reality shows. It is now gearing up to become the title sponsor of popular talent show ‘Indian Idol’ on Sony TV for the first time, shared Rajiv Dubey, who leads the media strategy at Dabur.
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Swapan Seth's new book 'COOL' is out
The book is a reflection of the author's 'eclectic taste across categories'
Advertising professional and art collector Swapan Seth has announced the launch of his new book COOL. The book is described as "a ready reckoner to the hip and the happening, of the known and the very unknown."
The book is a reflection of the author's "eclectic taste across categories: from boltholes to exotic hideaways."
COOL has been published by Simon & Schuster India and is available on Amazon.
Seth is an ad veteran with a long and illustrious career in the industry. He became the youngest-ever Creative Director at Clarion at age 24. He was VP at 26 at Trikaya Grey. Two years later, he started his agency Equus.
He writes for publications such as The Economic Times, Hindustan Times and India Today. This is his second book and he has previously published THIS IS ALL I HAVE TO SAY.
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Disney Star signs 9 sponsors for Asia Cup PAK
Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up come on board
e4m Staff Disney Star has signed nine broadcast and digital streaming sponsors for the upcoming Asia Cup.
Charged by Thums Up, Nerolac Paint+, Amazon Pay, Jindal Panther, My11Circle, MRF, Samsung Galaxy Z Flip5, Wild Stone and Thums Up have come on board for the upcoming tournament.
As reported earlier by exchange4media, Disney Star has sought Rs 26 crore for the co-presenting sponsorship on TV and Rs 30 crore for Disney+ Hotstar.
According to industry sources, the associate sponsorship on Star Sports has been priced at Rs 19.66 crore, whereas for the ‘powered by’ sponsorship on Disney+ Hotstar, the broadcaster is seeking Rs 18 crore.
As per the information available with exchange4media, Disney+ Hotstar has three sponsorship tiers-- co-presenting (Rs 30 crore), powered by (Rs 18 crore) and associate sponsorship (Rs 12 crore). The broadcaster is offering an estimated reach of 120-140 million for co-presenting sponsors, 90-100 million for powered by and 60-70 million for associate sponsorship.
A spot buy for 10 seconds has been priced at Rs 25 lakh for the India vs Pakistan matches, while for the non-India matches, the ad rate for 10 second is Rs 2.3 lakh. The India matches plus the final for ODIs has been priced at Rs 17 lakh per 10 seconds.
Asia Cup is scheduled to be held from 30 August, 2023, to September 17, 2023.
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Sorted 360 wins creative & social media mandate of Reliance Mall
The agency will manage offline and online campaigns for Reliance Mall
Sorted 360, an integrated creative and social media agency, has won the mandate to providing brand solutions for Reliance Malls across India.
“Sorted 360 is set to enhance Reliance Malls' market presence with their unparalleled creative prowess and strategic thinking,” read a press release.
“Sorted 360's commitment to pushing the boundaries of creative communication aligns perfectly with Reliance Malls' ethos. With a pan-India presence spanning across 19 cities and growing, Reliance Malls has consistently captivated customers by offering an array of Reliance brands and third-party fashion & lifestyle brands. The mall has established an unparalleled connection with its patrons through superior quality, a remarkable value proposition, and an unmatched shopping experience,” it read further.
"We are thrilled to welcome Sorted 360 as our trusted partner in advancing our brand presence across the nation," said the Head of Marketing at Relaice Malls. "Their proven expertise in retail, shopping center management, and innovative creative strategies make them the perfect fit for our vision."
"Partnering with Reliance Malls is a testament to our commitment to shaping extraordinary brand experiences," remarked Prerana Anatharam, Co-founder of Sorted 360. "We are excited to leverage our strategic and creative acumen to further elevate Reliance Malls as the epitome of convenience, choice, and excellence."
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KlugKlug onboards Hemang Mehta as Country Manager for Indias
Mehta was most recently Head of Agency Relationships at Network 18 Media & Investments
KlugKlug has appointed Hemang Mehta as its Country Manager for India.
Mehta will play a pivotal role in driving KlugKlug's growth and expansion within the Indian market and be responsible for Sales & GTM Strategy
Prior to that, he has also represented organisations like Exponential (now VDX.tv), India Today Digital and Rediff.com. His expertise spans various domains including digital media sales, mobile marketing, media planning, and buying, social media marketing, and more.
Hemang Mehta expressed his enthusiasm about joining KlugKlug, saying, "I am thrilled to be a part of KlugKlug, a forward-thinking platform that is reshaping the influencer marketing landscape. As much as I look forward to collaborating with the exuberant team at KlugKlug, I am super excited to interact with the brands to deliver powerful data-backed Influencer solutions that will guarantee business outcomes."
Commenting on the appointment, Kalyan Kumar, Co-Founder and CEO of KlugKlug, stated, "We are excited to welcome Hemang Mehta to our team as the Country Manager for India. His extensive experience in digital media sales and marketing will be instrumental in driving our efforts to provide influencer marketing solutions to our clients. We believe Hemang's leadership will be key in scaling our operations and expanding our reach within the Indian market."
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