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Banking Regulation Bill News

Banking Regulation Bill

16 Sep 2020

Lok Sabha passes Banking Regulation bill to bring cooperative banks under RBI

The proposed law seeks to enforce banking regulation guidelines of the RBI in cooperative banks, while administrative issues will still be guided by the Registrar of Cooperatives It is aimed at bringing cooperative banks on par with developments in the banking sector through better management and proper regulation which protects the interest of depositors The bill assumes significance in the wake of a scam in the PMC Bank affecting lakhs of customers who have been facing difficulty in withdrawing their money due to restrictions imposed by the RBI

Banking Regulation Bill

10 Aug 2017

Rajya Sabha passes Banking Regulation Bill to resolve non-performing assets

The Rajya Sabha on Thursday passed the Banking Regulation (Amendment) Bill, 2017, which empowers the Reserve Bank of India (RBI) to resolve stressed assets clogging the banking system.

Banking Regulation Bill

03 Aug 2017

Lok Sabha passes Banking Regulation Bill to resolve non-performing assets

The Lok Sabha on Thursday passed the Banking Regulation (Amendment) Bill, 2017, which empowers the Reserve Bank of India (RBI) to resolve stressed assets clogging the banking system.

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