Banking Law
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Bank Customers Can Add 4 Nominees In Their Accounts From November 1
Beginning next month, a bank customer can opt for up to four nominees in her or his account with a view to ensure uniformity, and efficiency in claim settlement across the banking system.
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Multiple Nominees Will Be Allowed For Bank Accounts, Lockers From November
The key provisions relating to nomination under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1 this year, the Finance Ministry announced on Thursday.
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Lok Sabha Passes Banking Laws (Amendment) Bill Allowing 4 Account Nominees
The Lok Sabha on Tuesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts.
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Banking Laws Amendment Bill To Strengthen Governance: N Sitharaman
Finance Minister Nirmala Sitharaman said on Tuesday that the Banking Laws (Amendment) Bill will strengthen governance in Indian banking sector besides enhancing consumer's and customer's convenience.
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Nirmala Sitharaman To Move Banking Laws Amendment Bill In Lok Sabha Today
Nirmala Sitharaman will today move the Banking Laws (Amendment) Bill in the Lok Sabha.
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Bill To Privatise 2 Public Sector Banks Coming In Winter Session
Aiming to privatise two public sector banks, government will introduce the Banking Laws (Amendment) Bill 2021 in the Winter session of Parliament
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Thinkpad: Bracing For Impact
High impact changes are coming — from banking to cryptocurrencies. Brace for impact.
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Bill To Privatise 2 Public Sector Banks Coming In Winter Session
Aiming to privatise two public sector banks, government will introduce the Banking Laws (Amendment) Bill 2021 in the Winter session of Parliament
-
RBI Advised to Share Bank Inspection Reports to Check Money Laundering: Report
The Reserve Bank of India has been advised by the Law Ministry to share extracts of banks' inspection reports with intelligence and law enforcement agencies to help in checking money laundering and violations of other banking laws.
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Parliament gives final approval to Banking Amendment Bill
The Rajya Sabha approved a bill on Thursday clearing the way to issue more banking licences and attract more foreign investment into the lending sector.
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Holding company for PSU banks to meet growth needs: FinMin secretary
The Government said the proposed holding company for the PSU banks would help in recapitalizing the lenders for meeting their growth needs and global prudential norms.
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Wall Street bonuses fell 25% in 2011, says New York City fiscal monitor
The decline in bonuses as estimated by the New York City Independent Budget Office is nearly twice that forecast last week by the state comptroller, who had forecast a 13 per cent shrinkage.
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CCI with Par Panel view to keep bank M&As out of its purview
Competition watchdog CCI has has welcomed parliamentary panel's recommendation to keep bank mergers outside its purview temporarily.
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Parliament panel proposes voting right cap of 26% in private banks
A parliamentary panel today recommended raising voting rights of investors in the private sector banks.
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RBI not to intervene in forex market: Anand Sinha
Reserve Bank on Tuesday said that it will not intervene in the foreign exchange market unless the situation is grave, though the Rupee touched 16-month low of 47.59 against the US dollar. "It is clear policy of RBI that we address volatility and not the level unless it is grave and adverse situation," RBI Deputy Governor Anand Sinha told whe...
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Bank Customers Can Add 4 Nominees In Their Accounts From November 1
Beginning next month, a bank customer can opt for up to four nominees in her or his account with a view to ensure uniformity, and efficiency in claim settlement across the banking system.
-
Multiple Nominees Will Be Allowed For Bank Accounts, Lockers From November
The key provisions relating to nomination under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1 this year, the Finance Ministry announced on Thursday.
-
Lok Sabha Passes Banking Laws (Amendment) Bill Allowing 4 Account Nominees
The Lok Sabha on Tuesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts.
-
Banking Laws Amendment Bill To Strengthen Governance: N Sitharaman
Finance Minister Nirmala Sitharaman said on Tuesday that the Banking Laws (Amendment) Bill will strengthen governance in Indian banking sector besides enhancing consumer's and customer's convenience.
-
Nirmala Sitharaman To Move Banking Laws Amendment Bill In Lok Sabha Today
Nirmala Sitharaman will today move the Banking Laws (Amendment) Bill in the Lok Sabha.
-
Bill To Privatise 2 Public Sector Banks Coming In Winter Session
Aiming to privatise two public sector banks, government will introduce the Banking Laws (Amendment) Bill 2021 in the Winter session of Parliament
-
Thinkpad: Bracing For Impact
High impact changes are coming — from banking to cryptocurrencies. Brace for impact.
-
Bill To Privatise 2 Public Sector Banks Coming In Winter Session
Aiming to privatise two public sector banks, government will introduce the Banking Laws (Amendment) Bill 2021 in the Winter session of Parliament
-
RBI Advised to Share Bank Inspection Reports to Check Money Laundering: Report
The Reserve Bank of India has been advised by the Law Ministry to share extracts of banks' inspection reports with intelligence and law enforcement agencies to help in checking money laundering and violations of other banking laws.
-
Parliament gives final approval to Banking Amendment Bill
The Rajya Sabha approved a bill on Thursday clearing the way to issue more banking licences and attract more foreign investment into the lending sector.
-
Holding company for PSU banks to meet growth needs: FinMin secretary
The Government said the proposed holding company for the PSU banks would help in recapitalizing the lenders for meeting their growth needs and global prudential norms.
-
Wall Street bonuses fell 25% in 2011, says New York City fiscal monitor
The decline in bonuses as estimated by the New York City Independent Budget Office is nearly twice that forecast last week by the state comptroller, who had forecast a 13 per cent shrinkage.
-
CCI with Par Panel view to keep bank M&As out of its purview
Competition watchdog CCI has has welcomed parliamentary panel's recommendation to keep bank mergers outside its purview temporarily.
-
Parliament panel proposes voting right cap of 26% in private banks
A parliamentary panel today recommended raising voting rights of investors in the private sector banks.
-
RBI not to intervene in forex market: Anand Sinha
Reserve Bank on Tuesday said that it will not intervene in the foreign exchange market unless the situation is grave, though the Rupee touched 16-month low of 47.59 against the US dollar. "It is clear policy of RBI that we address volatility and not the level unless it is grave and adverse situation," RBI Deputy Governor Anand Sinha told whe...
