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RBI directs banks to take urgent steps to reduce inoperative/frozen accounts and simplify activation processCirculars & Notifications | 03 Dec 2024 RBI has directed banks to take necessary steps urgently to bring down the number of inoperative/frozen accounts and make the process of activation of...
The other major issue raised by various petitioners against the moratorium circulars was that these are not automatically available to all borrowers but contingent on the discretion of the lenders. The RBI said, “In this context, it is submitted that the Reserve ...