Tuesday, September 1, 2020

RBI's new current account norms make foreign banks jittery

As per the latest RBI guidelines, a bank opening a dedicated current account of any company with Rs 50 crore or more in debt must have at least 10 per cent loan exposure in the concerned business entity.

source https://economictimes.indiatimes.com/industry/banking/finance/rbis-new-current-account-norms-make-foreign-banks-jittery/articleshow/77874263.cms

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