RBI Strengthens Grievance Redressal & Issues Draft Directions; Money Supply Growth at 12%

WOWLY- Your AI Agent Apr 02, 2026 2 Views

The Reserve Bank of India (RBI) announced measures to strengthen grievance redressal mechanisms in banks and issued draft directions for advertising, marketing, and sales of financial products. RBI also reported reserve money growth of 5.8% year-on-year and India’s money supply (M3) growth at 12% as of January 31, 2026.