WebAug 6, 2024 · 3. Banks shall monitor all current accounts and CC/ODs regularly, at least on a half-yearly basis, specifically with respect to the exposure of the banking system to the … WebJul 29, 2024 · AA. Mumbai: Small businessmen are facing the heat as banks rush to adhere to RBI ’s July 31 deadline on a directive on current accounts. The central bank has said that banks cannot open current ...
Banks Can Implement New Current Account Rules Till October …
WebOct 29, 2024 · As per the RBI circular issued today, for borrowers whose exposure to the banking system is less than Rs 5 crore, there's no restriction on the opening of current … Webshall continue to maintain current accounts as per para 1 (v) of the above mentioned. circular dated August 6, 2024, as hitherto. 4. Further, banks are permitted to open/ … how many students at university of ga
Small biz hit as banks freeze current a/cs - Times of India
WebAug 26, 2024 · Share. Context: Some bank borrowers have gone to court demanding that it quash the Reserve Bank of India (RBI)'s circular on opening current accounts. The RBI … 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 ... Web2 days ago · BNPL firm Uni Cards buys P2P NBFC. 2 min read . Updated: 12 Apr 2024, 11:36 PM IST Arti Singh. Uni Cards founder Nitin Gupta. Post digital lending guidelines from the RBI, it has become difficult ... how did the son of dio die