The regulator said there is an urgent need to address the situation of having a facility for blocking of trading accounts as it is available for blocking of ATM cards and credit cards.
The RBI has asked banks to undertake at least an annual review in respect of accounts, where there are no customer induced transactions for more than a year.
. Regulated entities (REs) make investments in units of AIFs as part of their regular investment operations. RBI, however, said that certain transactions of REs involving AIFs raise regulatory concerns.
In June, the capital market regulator had laid out a framework for the same but had received various representations from stock brokers and based on the suggestions made by them, revised the framework to enable ease of doing business