Directing commercial banks to work towards bringing down the number of inoperative, frozen or dormant accounts urgently, the ...

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

Directing commercial banks to work towards bringing down the number of inoperative, frozen or dormant accounts urgently, the ...

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

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

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

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

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

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

The Reserve Bank of India (RBI) asks Banks to take necessary steps urgently reduce the number of inoperative/ frozen accounts ...

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

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