RBI eases some conditions for banks to open current accounts

In August, RBI had said that banks that do not have cash credit or overdraft (CC/OD) facilities cannot open a current account for any borrower. Further, if a bank has an exposure of less than 10% of loans of the banking system to a borrower, all debits to their accounts can only be routed through a bank which has 10% or more of the loan exposure.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-eases-some-conditions-for-banks-to-open-current-accounts/articleshow/79724851.cms