Tag Archives: Banking Regulation (Amendment) Bill 2020

Taking into account the deterioration of the situation of cooperative banks in the country, Lok Sabha approved the Banking Regulation Bill (Amendment) of 2020 on Wednesday. The Bill proposes amendments to the Banking Regulation Law of 1949. With This new bill, the central government aims to bring cooperative banks under …

Finance Minister Nirmala Sitharaman presented the 2020 Banking Regulation Bill (Amendment) for discussion at the Lok Sabha on Wednesday. The amendment aims to bring cooperative banks under the supervision of the Reserve Bank of India to protect the interests of depositors. “We are trying to introduce this amendment to protect …