Saturday, September 19, 2020

Parliament clears The Banking Regulation (Amendment) Bill, 2020 gives RBI powers to restructure Co-operative Banks [Read Bill]

After Lok Sabha, the Rajya Sabha has also passed the Banking Regulation (Amendment) Bill, 2020. The Bill amends the Banking Regulation Act, 1949.  The Act regulates the functioning of banks and provides details on various aspects such as licensing, management, and operations of banks. The Bill replaces the Banking Regulation (Amendment) Ordinance, 2020 promulgated on […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3cfn5JL

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