Banking · RBI Regulations
Under RBI guidelines for opening current accounts, a non-lending bank may open a current account for a customer having a credit exposure of ₹5 crore or more with the banking system, provided it obtains which specific document from the lending bank(s)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An irrevocable mandate from the customer to remit 100% of the account's turnover to the lending bank
- 2A declaration from the customer that their total credit exposure is below ₹5 crore
- 3No-Objection Certificate (NOC) from the consortium/multiple banking arrangement lender(s)✓
- 4The original hypothecation deed from the lending bank
Correct answer
No-Objection Certificate (NOC) from the consortium/multiple banking arrangement lender(s)
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