“No more ignorance”: RBI expands the cover of the Secretary of Grievances, and even the rural banks now that causes

In a shift towards consumer empowerment, RBI Sanjay Malhotra revealed a list of consumer reforms during the MPC’s discourse on October 1. With inflation and credit conditions improved, the Reserve Bank in India is now converting its focus into daily banking trials.

Among the largest fast food:

Digital Banking Services for all: Accounts of holders of the Basic Steel Bank (BSBD)-Antibodies of lack of deception used by low-income and rural customers-you will now get banking services via mobile and internet without additional fees. This expands access to online banking tools for millions.

A stronger complaint compensation: RBI plans to tighten the framework of the internal grievance secretary to ensure that banks and financial institutions are more effective. In addition, rural cooperative banks will be placed under the RBI system system, and consumers’ protection has been expanded beyond urban financial institutions.

“These measures are designed to enhance consumer satisfaction and improve confidence in the financial system,” Malhotra said, indicating RBI’s intention to make customer service a column for banking reform.

The ruler also stressed that the central bank will remain vigilant and depend on the data in its political responses, with prices stabilizing and supporting the remaining priorities.