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

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

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

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

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

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

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

Expressing concern over the rising sums of money lying in inoperative or frozen bank accounts, the Reserve Bank of India (RBI) says its supervisory inspections have revealed a slew of problems due to ...

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

The bank also organised a one-day workshop at Gurugram for its national business correspondents to sensitize them about the ...

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