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Islamic banking not consistent with existing laws: RBI

Last Updated: Thursday, May 09, 2013, 17:13

The Reserve Bank on Thursday said Islamic banking is not consistent with current banking laws in India.

President gives assent to money laundering, banking bills

Last Updated: Wednesday, January 09, 2013, 22:59

The three financial sectors reforms laws, Prevention of Money Laundering (Amendment) Bill and Banking Laws (Amendment) Bill, 2012 have become law of the land with President Pranab Mukherjee giving assent to them.

Non-corporates should get preference in bank licences: PMEAC

Last Updated: Sunday, January 06, 2013, 12:19

The RBI is in the process of finalising the guidelines for giving new bank licences after Parliament approved Banking Laws (Amendment) Bill last month.

Parl passes banking bill, paves way for setting up more banks

Last Updated: Thursday, December 20, 2012, 18:38

Parliament Thursday paved the way for corporate houses to enter the banking sector by approving the banking bill, a key reform legislation pending for long.

PSU bank unions threaten to go on strike on Dec 20

Last Updated: Tuesday, December 18, 2012, 17:10

Four bank employees unions have threatened to go on strike on Thursday to protest against the proposed Banking Laws (Amendment) Bill and mergers of the banks.

LS passes Banking Bill; paves way for foreign investment, new banks

Last Updated: Tuesday, December 18, 2012, 16:43

The Bill, which seeks to strengthen banking regulation, was passed by the voice vote after the amendments proposed by the Left Parties were rejected by the House.

Opposition bid to block banking laws bill in LS

Last Updated: Monday, December 10, 2012, 18:11

A united opposition made an attempt to thwart the taking up of the Banking Laws (Amendment) Bill for consideration, as it created uproar demanding that the proposed legislation should again be referred to the Standing Committee.

Banks have Rs 2,481 crore of unclaimed deposits

Last Updated: Thursday, August 30, 2012, 17:59

Banks have about Rs 2,481 crore as unclaimed deposits and the government has proposed to credit unclaimed funds of more than 10 years to a new fund.

Bill provides for exemption of banking sector from CCI purview

Last Updated: Monday, June 11, 2012, 19:13

Merger and acquisitions in the banking sector will be exempted from the purview of competition watchdog CCI if the Banking (Laws) Amendment bill is passed, a top government official said Monday.

`Rise in promoter cap to boost private investment in banking'

Last Updated: Sunday, April 29, 2012, 13:48

The Union Cabinet's approval of the Banking Laws (Amendment) Bill, which will raise the cap on voting rights for shareholders to 26 percent in private banks, is likely to encourage private investment in this space, according to experts.

Final norms on new bank licences after amending Banking Bill

Last Updated: Sunday, September 11, 2011, 15:56

The Reserve Bank is likely to issue the final guidelines for granting bank licences to corporates only after Parliament approves the Banking Laws (Amendment) Bill, 2011.

Bank unions urge house panel to reconsider new Bill

Last Updated: Sunday, August 21, 2011, 18:58

The United Forum of Bank Unions (UFBU), an umbrella body of nine bank union, with a membership of over 10 lakh, has written to the members of Parliamentary standing committee on finance to reconsider the Banking Laws (Amendment) Bill of 2011 in the larger interest of the country.