18: What's behind RBI restrictions on current account use?

Money with Monika

English - August 14, 2020 06:30 - 8 minutes - 7.42 MB
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Previous Episode: 17: Advisor 'doctor', agent 'chemist'? SEBI settles debate

Next Episode: 19: Will reporting 11 spends to tax dept catch tax evaders?

The Reserve Bank of India (RBI) put restrictions on who can open current accounts with which bank. Is this move part of a larger plan to stop banking frauds? In this episode, Monika Halan explains how the move will prevent the siphoning off of money. Listen and find out more.