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Borrowers can open current accounts without any curbs, RBI says
The Reserve Bank of India introduced certain tweaks on Friday to ease the current account rules for borrowers with bank exposures less than Rs 5 crore. In such cases, banks can open a current account or cash credit or overdank ... ... open or maintain accounts such as inter-bank accounts, accounts of All India Financial Institutions EXIM Bank, NABARD, NHB, and SIDBI accounts opened under orders of the Centre and states, and accounts owned by government or government bodies or courts ...
Updated: 10/30/2021
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