SENSEX NIFTY

Banking Laws

Jan 03, 2017 at 19:34 | Source: PTI
Hundreds thronging the RBI office to exchange old Rs 500 and 1,000 notes returned empty handed as the central bank is allowing the facility only for NRIs or those who were abroad during the 50-day demonetisation period.
Dec 30, 2016 at 22:46 | Source: Moneycontrol.com
The President Pranab Mukherjee today promulgated the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 to extinguish the liability of the Centre and the apex bank on demonetised notes. The ordinance would become a law once passed by both the houses of the Parliament.
Dec 30, 2016 at 12:14 | Source: Moneycontrol.com
Former Reserve Bank governor Raghuram Rajan, in a blog in Livemint, says that alongwith strong government, the rule of law and democratic accountability, free markets complete the main pillars of a liberal democracy.
Dec 26, 2016 at 16:29 | Source: PTI
Responding to an RTI application filed by activist Venkatesh Nayak, the Bankers' Bank refused to disclose the minutes of the crucial meetings of Central Board of Directors on the issue of demonetisation citing section 8(1)(a) of the transparency law.
Dec 19, 2016 at 22:31 | Source: Reuters
The advice was given in a document drawn up by some of Britain's largest law firms for banks lobbying to retain so-called passporting rights that allow them to operate across all the EU out of their London bases.
Dec 13, 2016 at 11:04 | Source: Moneycontrol.com
The company's board has approved to acquire 100 percent equity shares of Trans American Information Systems for Rs 12.5 crore, subject to compliance with all applicable laws and requisite approvals, if any.
Dec 08, 2016 at 10:41 | Source: Reuters
Wells Fargo is due to be deemed a bank that "needs to improve" under the Community Reinvestment Act (CRA), a law meant to promote lending to poor neighborhoods.
Dec 06, 2016 at 15:59 | Source: Moneycontrol.com
The government through the RBI should design special awareness programs on cashless transactions to educate masses that are not tech-savvy, says cyber-security and cyber law expert Prashant Mali.
Nov 30, 2016 at 14:04 | Source: PTI
The Taxation Laws (2nd Amendment) Bill was passed by the Lok Sabha yesterday, providing a window to legalise black money after paying tax on the amount post-demonetisation. As per the Bill, those who disclose black money to banks will have to pay 50 percent tax, including surcharge and penalty.
Nov 30, 2016 at 08:09 | Source: Moneycontrol.com
Further to the announcement of demonetization by way of withdrawal of bank notes of Rs. 500 and Rs. 1000 denomination, the government has taken a step forward to curb black money. Concerns were raised that some of the existing provisions of the Income-tax Act, 1961 (the Act) can possibly be used for concealing black money.
Messages on Banking Laws »

Web Messenger

Platinum Member

369237 Followers

Banking & Financial Services - Sector  

Source:Financial Express - Parliament recently passed the banking law (amendment) bill 2012 which now permits RBI to assume additional regulatory powers over co-operative banks. Parliament today paved the way for corporate houses to enter the banking sector by approving the banking bill, a key

4.58 PM Feb 2nd 2013

Jeejay

Gold Member

14 Followers

IFCI  

the banking laws thereby bequeathing them with more power, in order to facilitate the process of issuing new banking licenses. But now although (in the winter session) the Parliament approved the crucial Banking Laws (Amendment) Bill, 2011, there’s a yet a delay in issuing new banking licenses (despite

1.01 PM Jan 29th 2013

Blucell

Platinum Member

139 Followers

L&T Finance  

The RBI`s major objection was that it didn`t have enough powers to regulate the new banks. The agency could remove an errant director, but if an entire bank board connived in a fraud, it was helpless. Now Chidambaram has taken away that excuse: The Banking Laws (Amendment) Bill, which gives the RBI

1.03 PM Jan 27th 2013

Blucell

Platinum Member

139 Followers

L&T Finance  

RBI revisit the issue of allowing industrial houses in banking. In both the discussion paper and the draft norms, it was open to the idea of allowing corporate sector in the banking space. Expectations that new norms would be announced soon had gathered pace after Parliament passed the Banking Laws

5.24 PM Jan 25th 2013

Web Messenger

Platinum Member

369237 Followers

Banking & Financial Services - Sector  

Source:The Hindu BusinessLine - Endorsement of the much awaited Banking Laws (Amendment) Bill 2011 by Parliament is expected to infuse a fresh lease of life in the banking industry. Amongst the many benefits expected from the Bill, increased competition in the banking industry and enhanced flow

2.37 PM Dec 26th 2012

Web Messenger

Platinum Member

369237 Followers

Banking & Financial Services - Sector  

Source:The Hindu BusinessLine - The Banking Laws Amendment Bill, 2011 was passed by both Houses this week, setting the ball rolling for the much-awaited issue of new banking licences. In its entirety, the Bill seeks to strengthen the regulatory powers of the Reserve Bank of India and aims

12.53 PM Dec 26th 2012

Blucell

Platinum Member

139 Followers

L&T Finance  

Armed with the amended banking law, if RBI chooses to release the final guidelines in January, gives a three-month window to the aspirants to apply for licences, and takes another three months to identify the right candidates, the first licences should be handed out before governor D. Subbarao

4.48 PM Dec 23rd 2012

raj_gopal64

Platinum Member

186 Followers

Karnataka Bank  

Dear Rajeshji, Please Go through the New banking law amendment bill passed last week by FM in the parliament. Salient Features of Banking Laws (Amendment) Bill 2012 The Banking Laws (Amendment) Bill 2011 was introduced in order to amend the Banking Regulation Act, 1949, the Banking Companies

9.51 PM Dec 22nd 2012

Web Messenger

Platinum Member

369237 Followers

Banking & Financial Services - Sector  

of the Banking Laws (Amendment) Bi

5.37 PM Dec 22nd 2012

Forum Messenger

Platinum Member

376503 Followers

News Now  

With the Parliament having approved the Banking Laws Amendment Bill 2011, the work on issuing new bank licenses is expected to pick up pace with the formation of a RBI and finance ministry committee that will look into all the aspects of this move. CNBC-TV18’s Siddharth Zarabi reports.

11.39 PM Dec 21st 2012

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.