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  RBI relaxes current account norms, extends deadline to implement new rules. Check details

  Business | August 04, 2021 19:30 IST

  ​The 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 | September 30, 2020 14:27 IST

  ​The 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 | September 01, 2020 18:54 IST

  As 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

  June 11, 2015 8:47 IST

  Mumbai: 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

  January 27, 2015 12:56 IST

  New 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