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?

Q: Answer-Under the revised RBI norms, banks can maintain current or overdraft accounts without restrictions f...

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 10 crore. This move aims to improve fund monitoring, transaction tracking, and credit discipline, especially for business accounts.