Union Railway Minister Ashwini Vaishnaw on Friday introduced the Railways (Amendment) Bill, 2024 in the Lok Sabha

The Lok Sabha on Tuesday passed 19 amendments in The Banking Laws (Amendment) Bill 2024 in a bid to improve banking governance and enhance investors' protection.

Bank stocks saw an uptick as the Lok Sabha passed the Banking Laws (Amendment) Bill, 2024, introducing multiple changes including allowing multiple nominees for depositors and altering regulations for bank directorships.

In a bid to improve bank governance and enhance investor protection, the government on Tuesday passed an amendment bill in the Lok Sabha that brings about changes to five banking laws. Finance minister Nirmala Sitharaman said the Banking Laws (Amendment) Bill will strength bank governance,

Bill, 2024, allowing up to four nominees per bank account with simultaneous or successive nomination options. Finance Minister Nirmala Sitharaman highlighted the bill’s role in enhancing governance, stability,

Finance minister Nirmala Sitharaman piloted the Banking Laws (Amendment) Bill which was approved by a voice vote

Bill, 2024, which allows up to four nominees to bank accounts and redefines 'substantial interest' for directorships. Opposition members have criticised this as a step towards privatisation. We examine the proposals and criticism.

Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. Another proposed change relates to redefining 'substantial interest' for directorships, which could increase to Rs 2 crore instead of the current limit of Rs 5 lakh,

Banks are being professionally run today, metrics healthy so they can go to the market and raise bonds, raise loans & run their business accordingly, says Nirmala Sitharaman.

She said the changes proposed through the Bill will strengthen governance in the sector and enhance customer convenience.