current accounts – discipline

RBI had issued a controversial circular on the need for maintaining discipline by banks with respect to opening of current accounts by corporate customers. That circular dated 6th August, 2020 can be viewed here

Now vide another circular dated 2nd November, 2020 RBI has allowed compliance with respect to the August 6th circular by 15th December 2020 in view of the numerous queries raised by banks. This circular can be viewed here .

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