Restriction on having current account with other banks if that ...

Case Laws Indian Laws

March 20, 2023

Restriction on having current account with other banks if that customer already had credit facilities in the form of Cash Credit/Export Packing Credit (CC/EPC) in the banking system. - RBI banking Policy - Appliability of RBI circular is not erroneous - granting the Petitioner relief would in effect not only run directly contrary to the circular but would possibly permit the continuance or growth of the very mischief that is sought to be addressed. - HC

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Restriction on having current account with other banks if that ...

Case Laws Indian Laws

March 20, 2023

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