Thursday, September 17, 2020

Lok Sabha passes Banking Regulation (Amendment) Bill, 2020

Lok Sabha has consented to the Banking Regulation (Amendment) Bill, 2020 The bill seeks to amend section 45 of the Act in order to address the potential disruptions in the financial system by providing for the Reserve Bank of India to prepare a scheme for the reconstruction or amalgamation of the banking companies without the necessity of first making an order of moratorium

from taxmann.com News https://ift.tt/3hEd1Lq

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