Author: Ravi

The Reserve Bank of India has announced new rules that make it easier for banks to open and maintain cash credit, current, and overdraft accounts. These changes are aimed at giving businesses and individuals more flexibility, especially those with smaller banking exposures. Here’s a clear and simple explanation of what these new RBI norms mean and how they could benefit you. What Are Cash Credit Accounts? A cash credit account is a type of short-term loan used by businesses to manage their working capital needs. Unlike regular loans, these accounts allow businesses to draw funds as needed, up to a…