Banking · RBI Guidelines and Operations
Under the RBI directions on Opening of Current Accounts by Banks, what is the primary regulatory concern behind restricting the opening of current accounts for customers with credit facilities from the banking system?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Unauthorized access to deposit insurance benefits across different banks.
- 2Tax evasion through undisclosed multi-bank income flows.
- 3Potential diversion/misuse of funds and ensuring credit discipline under multi-bank credit arrangements.✓
- 4Uncontrolled growth in the customer's aggregate overdraft facility.
Correct answer
Potential diversion/misuse of funds and ensuring credit discipline under multi-bank credit arrangements.
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