Why Private Banks Were Unhappy with RBI’s One Account Draft Rules
Background In October 2025, the Reserve Bank of India (RBI) released the draft Transaction Accounts Directions, proposing a stricter regime for borrowers with large credit exposures. Under the draft, banks will not be allowed to open multiple current, cash credit (CC), or overdraft (OD) accounts for borrowers with an aggregate exposure of ₹10 crore or…