Question
Under the revised RBI norms, banks can maintain current or overdraft accounts without restrictions for customers having aggregate exposure of less than which amount?Â
Solution
As per the revised RBI directions on cash credit, current, and overdraft accounts, banks are now allowed to maintain current or overdraft accounts without restrictions for customers whose aggregate exposure is below â‚ą10 crore. This move aims to improve fund monitoring, transaction tracking, and credit discipline, especially for business accounts. Â
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