WebSep 27, 2024 · New Delhi, Sep 27 The Confederation of Indian Industry (CII) has urged the Reserve Bank of India (RBI) for a relook on its last month's circular on opening of current accounts in banks and suggested… WebOct 29, 2024 · The Reserve Bank of India on Friday eased current account rules for bank exposures less than Rs 5 crore, allowing lenders to open current account, cash credit and …
Why RBI tightened current account norms? - The Hindu …
WebOct 29, 2024 · The Reserve Bank of India (RBI) on Friday announced a series of tweaks to its August 6, 2024, current accounts circular, exempting borrowers with less than Rs 5 crore of banking system exposure ... WebAug 6, 2024 · This Wednesday, the Reserve of India (RBI) announces important guidelines to implement its circular on opening current accounts by banks. The Apex Bank has given … birch wood tea light holders
Haryana Cashless Consolidation Portal
WebOct 30, 2024 · October 30, 2024 / 11:26 AM IST. Banks may open current accounts for borrowers who have availed credit facilities in the form of cash credit (CC)/ overdraft (OD) … WebAug 2, 2024 · According to the RBI directive, it has to then surrender the current account. Now, to bypass this rule, the FD-OD arrangement is entered into. To maintain the current account with the same bank, the company makes an FD of Rs 105 crore with the bank, which, in turn, extends a ‘secured OD’ of Rs 100 crore. Since the bank’s exposure to the ... WebSep 27, 2024 · Enter the characters shown in the image. Industry body CII has urged the Reserve Bank to reconsider its circular regarding opening of current accounts saying that … birchwood technologies