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    Question

    As per the revised RBI norms, banks can now open current

    or overdraft accounts without restrictions for borrowers with exposure below what amount?
    A β‚Ή5 crore Correct Answer Incorrect Answer
    B β‚Ή10 crore Correct Answer Incorrect Answer
    C β‚Ή15 crore Correct Answer Incorrect Answer
    D β‚Ή20 crore Correct Answer Incorrect Answer
    E β‚Ή25 crore Correct Answer Incorrect Answer

    Solution

    According to the revised guidelines by the RBI, banks are allowed to open and maintain current or overdraft accounts without restrictions for customers whose total exposure is less than β‚Ή10 crore. This measure is aimed at improving credit monitoring and fund tracking.

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