Insurers can maintain current accounts in appropriate number of banks: Irdai


Insurers can maintain current accounts in appropriate number of banks: Irdai

The central bank in its August 2020 circular instructed banks not to open current accounts for customers who have availed of credit facilities in the form of cash credit (CC) / overdraft (OD) from the banking system.

The central bank will announce the fourth bimonthly monetary policy review on Friday amid inflation remaining above its target for two months in row.


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