Thursday, December 19, 2024

Tag: dormant

₹1 lakh crore in dormant bank accounts in country: Such accounts are also fueling fraud, RBI to crack down on

The Reserve Bank of India (RBI) has expressed concern over the growing number of freezes and dormant accounts in banks. Banks have been instructed to take all necessary steps immediately possible...

Tightening: 1 lakh crore in dormant accounts in the country, increasing risk of financial fraud from such accounts

RBI has expressed concern over the growing number of frozen and inactive accounts in banks. RBI has directed banks to take immediate steps to reduce the number of such accounts. It...

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