Banking Laws Amendment Bill

The Bill piloted by Finance Minister Nirmala Sitharaman was approved by a voice vote.

Nirmala Sitharaman tables Banking Laws (Amendment) Bill. Here's what it aims to do

The bill seeks to improve governance and also ensure better protection for depositors and investors, the minister said

PSU bank employees to go on two-day strike from tomorrow; services likely to be hit

Most of the banks, including State Bank of India (SBI), have already cautioned their customers about the strike's possible impact on banking operations like cheque clearance and fund transfer.

Banking Laws (Amendment) Bill, 2012: More Power To RBI

By: Naresh Makhijani, KPMG

President gives assent to money laundering, banking bills

The three financial sectors reforms laws, Prevention of Money Laundering (Amendment) Bill and Banking Laws (Amendment) Bill, 2012 have become law of the land with President Pranab Mukherjee giving assent to them.

South Indian Bank, a potential acquisition candidate: Angel

Angel Broking has come out with its report on "Banking Laws Amendment Bill". According to the research firm, the passage of amendments to the Banking Laws in the lower house of the parliament is expected to pave the way for issuance of the new bank licenses by the RBI.

RBI to speed up process for issuance of banking licences

A day after Lok Sabha passed the Banking Laws (Amendment) Bill, RBI deputy governor KC Chakrabarty on Wednesday said the process for issuing new banking licences will be expedited

Sensex, Nifty nosedive to end down; operators flee banks

Key equity benchmarks close slightly down, but way off the intra-day highs which saw the Sensex touching levels last seen 20 months and 23 months ago, respectively.

Nifty inches closer to 6000, bank shares build on gains

Key equity benchmarks Sensex and Nifty leapt rallied in early trade Tuesday, with brokers attributing the surge as sentiment-driven more than anything else. The Sensex climbed to a 20-month high and the Nifty to a 23-month high.

New banking act to offer more power to RBI: Ernst & Young

Ashwin Parekh of Ernst & Young believes if the amendments were passed by the parliament without any modifications, it would allow the Reserve Bank of India to be able to frame the regulations clearly.

Parliament deadlock: Over 90 bills pending

While the government is under fire over the CAG report and the Opposition gunning for Prime Minister Manmohan Singh's resignation in the coal block allocations, UPA's reform agenda has been pushed to a corner.

Turf War! Sectoral Regulators vs CCI

One section in the Banking Laws Amendment Bill, 2011 is fuelling a potential turf war – with sectoral regulators on one side and the Competition Commission of India on the other.

Cabinet clears Banking Amendment Bill

The government is pushing ahead with the promised financial reforms. The Cabinet today cleared the Banking Laws Amendment Bill, 2011 which gives RBI the power to supersede the entire board of a bank.

Govt's reform drive in logjam again: Why is E&Y positive?

The standing committee on finance has rejected the Insurance Amendment Bill and the Unique Identification Authority of India (UIDAI) Bill. The Banking Laws Amendment Bill has got only a conditional nod. CNBC-TV18’s Shereen Bhan spoke to Ashvin Parekh of Ernst & Young to make sense of the developments.

FM lends an ear to India Inc, industry feels reassured

The Finance Minister Pranab Mukherjee met top leaders of Indian industry - including Ratan Tata, Anil Ambani and Sunil Bharti Mittal to discuss the state of the economy, the reform agenda and crucial policy changes.

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.

Govt gives green signal to Banking Laws Amendment Bill

The government today gave green signal to the Banking Laws Amendment Bill that seeks to align the voting rights in banks in proportion with the equity holding.