The RBI has directed banks to urgently reduce the number of inoperative or frozen accounts and make activation smoother.

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

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

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

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 ...

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

SBI launches drive to reactivate inoperative accounts, including PMJDY, to boost CASA deposits and protect margins.

The RBI has directed banks to urgently decrease inoperative accounts and report their numbers quarterly, addressing concerns ...

State Bank of India (SBI) has launched a nation-wide drive to raise awareness about the importance of inoperative account ...

The RBI has issued a directive to banks to reduce the number of inoperative or frozen accounts. An RBI analysis found high ...