New Delhi, July 19: Minister of State for Finance Anandrao Adsul is hopeful that a bill for IDBI restructuring and another for allowing banks to dilute government stake from 51 to 33 per cent would get the approval of the Parliament in the next session. The bill to amend Banking Companies Act was introduced in Parliament two years ago but was referred to the Standing Committee on Finance.

"The bill to amend Banking Companies Act is still pending with the Standing Committee. If the panel submit its report, there is a possibility that the bill will be taken up for approval in coming session of Parliament," Adsul said on the sidelines of a prize distribution function.

He said the bill to repeal IDBI Act and transform it into a universal bank would also be taken up in the coming session starting on July 21.
The standing committee has already finalised its report on restructuring the country's largest financial institution and it would be tabled in Parliament soon. Bureau Report