Amendment, Reserve Bank of India

Banking Laws (Amendment) Bill 2024: What's proposed and why it's being opposed?
Bill, 2024, which allows up to four nominees to bank accounts and redefines 'substantial interest' for directorships. Opposition members have criticised this as a step towards privatisation. We examine the proposals and criticism.
Lok Sabha passes Banking Laws (Amendment) Bill, 2024: How it will enhance customer convenience; here's all you need to know
Bill, 2024, passed in Lok Sabha, proposed changes like allowing up to four nominees for bank accounts and redefining 'substantial interest' thresholds. It aims to simplify fund distribution after an account holder's death and improve bank governance,
How Banking Laws (Amendment) Bill impacts consumers and finance sector
Defending the bill, Sitharaman said that since 2014, both the government and the Reserve Bank of India (RBI) have exercised extreme caution to ensure banking stability. She said that "the intention is to keep our banks safe,
New Banking Laws allow up to 4 nominees per account
The new banking laws aim to streamline account nominations, ensuring fair access for successors. These changes also strengthen governance and compliance in the banking sector.
Banking Laws Amendment Bill Approved In Lok Sabha
Banking Laws Amendment Bill bringing significant changes in the nomination policies in bank accounts has been approved in Lok Sabha. Check the given post for the complete details.
LS passes Banking Laws (Amendment) Bill allowing 4 nominees in bank accounts
The Lok Sabha on Tuesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts
Here's All About Banking Laws (Amendment) Bill 2024, Moved By Finance Minister Nirmala Sitharaman In Lok Sabha
Union Finance Minister Nirmala Sitharaman moved the Banking Laws (Amendment) Bill 2024, in the Lok Sabha for consideration and passage on Tuesday (3 December).
Banking Laws (Amendment) Bill to strengthen governance, enhance customer convenience, says FM Sitharaman
The proposed Banking bill seeks to improve governance standards, provide consistency in reporting by banks to the RBI, ensure better protection for depositors and investors, and improve audit quality of public sector banks.
Banking Laws Amendment Bill To Strengthen Governance: N Sitharaman
Finance Minister Nirmala Sitharaman said on Tuesday that the Banking Laws (Amendment) Bill will strengthen governance in Indian banking sector besides enhancing consumer's and customer's convenience.
Game-Changing Banking Bill Passed In Lok Sabha: Bank Accounts Can Have 4 Nominees
The Bill piloted by Finance Minister Nirmala Sitharaman was approved by a voice vote. New Delhi: The Lok Sabha has approved the Banking Laws (Amendment) Bill, 2024, introducing significant changes to banking operations in India.
Bank Accounts May Soon Have Up To 4 Nominees As Lok Sabha Approves Game-Changing Banking Bill
Bill, 2024, allowing up to four nominees per bank account with simultaneous or successive nomination options. Finance Minister Nirmala Sitharaman highlighted the bill’s role in enhancing governance, stability,
Banking reforms need to get a lot more ambitious for the economy’s sake
The amendments of Indian banking laws passed by the Lok Sabha are welcome, but this sector needs a structural shift. Much ...
LS nod to tweaked banking laws, FM says PSBs now safe & stable
Finance minister Nirmala Sitharaman Tuesday said public sector banks are now safe, stable, healthy, and showing "exceptional ...