RBI has advised banks to urgently take the necessary steps to reduce the number of inoperative or frozen accounts and make ...

The RBI has recommended that banks explore ways to enable seamless KYC updates through mobile or internet banking, non-home ...

The bank emphasised the importance of carrying out regular transactions in accounts and preventing categorization into ...

Issuing a notification, the RBI asked all banks to take necessary steps urgently to bring down the number of ...

RBI analysis says number of "inoperative accounts or unclaimed deposits" in several banks was on higher side as compared to ...

A bank account is classified as inoperative when there are no customer-initiated transactions for over two years ...

This includes enabling seamless Know Your Customer (KYC) updates through mobile or internet banking, non-home branches, video ...

RBI instructs banks to reduce inoperative accounts, streamline KYC process, and facilitate Aadhaar updation for customers.

RBI directs banks to reduce inoperative accounts, streamline activation process, monitor progress, and facilitate Aadhaar ...

MUMBAI: The Reserve Bank has prodded bankers to resolve the mounting issue of inoperative accounts and the huge amount of ...

The RBI has directed banks to reduce inoperative accounts urgently, citing concerns about rising unclaimed deposits. Banks ...