The Hindu BuisnesslineOct 9, 2021Small businesses hit as banks freeze current A/csFirms in a spot as banks rush to comply with RBI directive to prevent diversion of funds.Operations of thousands of small businesses across the country were disrupted after their current accounts were closed on Monday, as banks rushed to comply with the Reserve Bank of India’s directive on the opening of such accounts by borrowers aimed at preventing diversion of funds.Read more at The Hindu Businessline
Firms in a spot as banks rush to comply with RBI directive to prevent diversion of funds.Operations of thousands of small businesses across the country were disrupted after their current accounts were closed on Monday, as banks rushed to comply with the Reserve Bank of India’s directive on the opening of such accounts by borrowers aimed at preventing diversion of funds.Read more at The Hindu Businessline
