Banking Laws (Amendment) Bill 2024? Key Provisions Revealed
The Finance Minister, Nirmala Sitharaman, introduced a Bill in Parliament on Friday that would increase the eight-year term limit for cooperative bank directors, excluding the chairman and whole-time directors, to ten years. Clause (ne) of section 5 of the Banking Regulation Act, 1949 is amended by the Banking Laws (Amendment) Bill, 2024, to redefine “substantial … Read more