New Delhi: The federal government is about to introduce the Banking Legal guidelines (Modification) Invoice, 2024 in Parliament at present on August 9. Based on media stories, the amendments might embody adjustments within the variety of nominees of account holders to adjustments within the tenure of administrators in cooperative banks. Based on stories, there is no such thing as a proposal to scale back stake in PSU banks.

In Funds 2021, the federal government had introduced the privatization of two PSU banks. Based on stories, it appears to have been postponed as there is no such thing as a such provision within the invoice. One other proposed change pertains to redefining substantial curiosity for director posts, which may rise to Rs 2 crore as an alternative of the present restrict of Rs 5 lakh fastened practically six many years in the past.

Based on the revised enterprise checklist of the Lok Sabha, Finance Minister Nirmala Sitharaman is about to introduce the Banking Legal guidelines (Modification) Invoice, 2024 at present.