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 ………………………………….of the aggregate exposure of the banking system to that borrower
Opening of Current Accounts for borrowers availing Cash Credit/ Overdraft Facilities from the Banking System For borrowers, where the aggregate exposureof 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 is the most peaceful country in the world according to the Global Peace Index 2023?
In which state Amangarh Tiger Reserve located where mutilated carcass of an adult leopard was recently found in ?
Consider the following statements about UNESCO Creative Cities Network:
1. UNESCO designates the creative cities in 5 fields
2. UNESC...
What is the new name of Osmanabad city of Maharashtra?
There will be 11 members in BRICS from 1 Jan 2024, which of the following is not included?
Which country launched new Ofek -13 Spy Satellite into the orbit?
Losar Mela is related to which of the following tribes in Uttarakhand?
Recently in the news Jonglingkong Peak is situated in which state?
Where is the Youth 20 Summit being organized under India's G20 Presidency?
'Naegleria fowleri' is in news recently, that is: