Current Account
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RBI relaxes current account norms, extends deadline to implement new rules. Check details
Business | Aug 04, 2021, 07:30 PM ISTThe Reserve Bank of India (RBI) on Wednesday issued guidelines for the implementation of the circular on the opening of current accounts by banks.
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India's current account surplus rises to USD 19.8 billion in June quarter
Business | Sep 30, 2020, 02:27 PM ISTThe country's current account surplus rose to USD 19.8 billion or 3.9 per cent of GDP in the June quarter as merchandise imports declined amid the COVID-19 pandemic, the Reserve Bank said on Wednesday.
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RBI's new current account norms make foreign banks jittery
Business | Sep 01, 2020, 06:54 PM ISTAs per the latest RBI guidelines, a bank opening a dedicated current account of any company with Rs 50 crore or more in debt must have at least 10 per cent loan exposure in the concerned business entity.
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India's Q4 current account deficit plunges to $1.3 bn
Jun 11, 2015, 08:47 AM ISTMumbai: India's current account deficit narrowed sharply to $1.3 billion, or just 0.2 percent of GDP, on the back of a fall in trade deficit in the fourth quarter ended March, as compared to $8.2
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Current account to swing into surplus in 2015: Morgan Stanley
Jan 27, 2015, 12:56 PM ISTNew Delhi: India's current account which has been consistently in deficit over the last 10 years is likely to swing into a minor surplus of 0.3 per cent of GDP in 2015, says a Morgan