RBI allows banks to open current accounts for borrowers availing credit from other banks By Anand Gupta TaxGuru

RBI allows banks to open current accounts for borrowers availing credit from other banks In respect of borrowers where exposure of the banking system is ₹5 crore or more, such borrower can maintain current accounts with any one of the banks with which it has CC/OD facility, provided that the bank has at least 10 per cent of the exposure of the banking system to that borrower.

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