Tuesday, June 29, 2021

RBI sets July 30 deadline for banks to move current accounts

The move, initiated more than a year ago, could trigger a migration of many lucrative current accounts - which lower a bank's fund cost and cash management business - from MNC banks to public sector lenders and some of the large private sector Indian banks.

from Banking/Finance-Industry-Economic Times https://ift.tt/361vxdn

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