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Daily Archives: April 19, 2022

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RBI guidelines on opening and operation of current accounts and CC/OD accounts by banks

Current AccountBy Surendra NaikApril 19, 2022

RBI today (19.04.2022) issued a consolidated circular for the opening and operation of current accounts and CC/OD accounts by banks with a view to enforce credit discipline amongst the borrowers as well as to facilitate better monitoring by the lenders. Banks may compute the aggregate exposure of the prospective customers based on the information collected…

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