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Opening of Current Accounts for borrowers availing Cash Credit/ Overdraft Facilities from the Banking System For borrowers, where the aggregate exposure of the banking system is less than ₹5 crore, banks can open current accounts without any restrictions, subject to obtaining an undertaking from such customers that they (the borrowers) shall inform the bank(s), if and when the credit facilities availed by them from the banking system becomes ₹5 crore or more. Where the aggregate exposure of the banking system is ₹5 crore or more: Borrowers can open current accounts with any one of the banks with which it has CC/OD facility, provided that the bank has at least 10 percent of the aggregate exposure of the banking system to that borrower. In case none of the lenders has at least 10 percent of the aggregate exposure, the bank having the highest exposure among CC/OD providing banks may open current accounts.
Which of the following is the new alluvium deposited by floods in the Ganga Plain?
The violation of Fundamental Rights could be redressed by the Supreme Court under which of the following Articles?
Which state has announced to provide monthly support Rs 3000/- to women under Saubhagya Laxmi Scheme?
Which of the following styles of painting belongs to Maharashtra?
What type of plate boundaries occur along spreading centres where plates are breaking apart and pushing upward from the mantle by magma to form a new cr...
Indian origin ____________, was United Kingdom's Home Secretary until November 2023.
Rukmini Devi Arundale is the exponent of which of the following Indian classical dance forms?
Who is the writer of the book Dogalapan: The Hard Truth about Life and Start-Ups?
Who initiated the establishment of the high-powered Task Force on Supportive Policy and Regulatory Framework for Microfinance in November 1998?
The J&K Government provides financial support to youth from displaced families to start their businesses. Which of the following communities are targete...