Credit control in India: GK, Current Affairs, Questions, Trivia and News

RBI proposed strict rules to open and run current accounts of corporate borrowers

Reserve Bank of India (RBI) would propose strict rules on opening and operating current accounts of corporate borrowers to prevent the diversion of funds. RBI had notified that the banks with collection accounts will have to transfer funds to the current account and  the current accounts could be opened only with the lead bank of ..