Wednesday, December 18, 2024

Tag: KYC process improvement

₹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...

₹1 lakh crore in inactive bank accounts in the country: Such accounts are also promoting fraud, RBI is preparing to rein it in.

Reserve Bank of India i.e. RBI has expressed concern over the increasing freeze and inoperative accounts in banks. Banks have been instructed to immediately take all possible necessary steps to reduce...

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