April 1, 2025

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Banking Bill allowing 4 nominees gets RS nod; needs deeper scrutiny: Opposition | India News

  • March 26, 2025

Amid concerns by Opposition members on proposed amendments, Parliament Wednesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees. Lok Sabha had passed the Banking Laws (Amendment) Bill in December 2024. Replying to a debate on the Bill in Rajya Sabha, Finance Minister Nirmala Sitharaman said

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Banking

Banking Laws Amendment: 4 Nominees Allowed in Bank Accounts: Rediff Moneynews

  • March 26, 2025

Parliament passed the Banking Laws (Amendment) Bill, allowing up to 4 nominees for bank accounts. The bill also redefines ‘substantial interest’ and increases the tenure of directors in cooperative banks. New Delhi, Mar 26 (PTI) Parliament on Wednesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four

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