Tag: Bank Accounts

New Delhi: The Finance Ministry on Saturday said no Indian citizen has to mention religion for opening an account in banks. Banking and Finance Secretary Rajiv Kumar, in a tweet, said: “No Indian citizen has to disclose his/her religion for opening a bank account, for old account or for KYC formalities.” He has asked bank […]

New Delhi: The Centre has informed the Supreme Court that accounts becoming non-performing due to bank’s or any other delay need not suffer the label of Non-Performing Assets (NPAs). The Centre said concerns have also been expressed regarding possible downgradation of loan accounts from standard to NPAs and consequent impact on ratings. “The resolution framework […]