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Banking Laws Amendment Bill: RBI to supersede PSBs

The government gave green signal to the Banking Laws Amendment Bill, which will not be placed for the approval of the Parliament. The Bill seeks to align the voting rights in banks in proportion with the equity holding. CNBC-TV18’s Latha Venkatesh shares the details and the ramifications of move by the government.

March 04, 2011 / 20:27 IST
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The government gave green signal to the Banking Laws Amendment Bill, which will not be placed for the approval of the Parliament. The Bill seeks to align the voting rights in banks in proportion with the equity holding. CNBC-TV18

TAGS: #Banking Laws Amendment Bill #CNBC-TV18 Comments #D Subbarao #Latha Venkatesh #OP Bhatt #Parliament #RBI Governor #State Bank of India
first published: Mar 3, 2011 10:30 pm

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