With operations of thousands of businesses choked after their current accounts were closed on Monday, the RBI has put off the implementation of a circular for ensuring discipline till October 31.
New Delhi, August 4
With operations of thousands of businesses choked after their current accounts were closed on Monday, the RBI has put off the implementation of a circular for ensuring discipline till October 31. “This extended timeline shall be utilised by banks to engage with their borrowers to arrive at mutually satisfactory resolution within the ambit of the circular,” the RBI said. — TNS
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