LS passes Banking Regulation (Amendment) Bill
September 16, 2020  20:01
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Lok Sabha passes Banking Regulation (Amendment) Bill, 2020. 

Finance Minister Nirmala Sitharaman said amendments to the banking regulation law seeking to extend the supervision of RBI to cooperative banks are aimed at improving their governance and protecting depositors' money.

Finance Minister Nirmala Sitharaman said amendments to the banking regulation law seeking to extend the supervision of RBI to cooperative banks are aimed at improving their governance and protecting depositors' money. Moving the Banking Regulation (Amendment) Bill, 2020 in the Lok Sabha, Sitharaman said the government was compelled to come out with an ordinance during the lockdown period as the condition of the cooperative banks was "grave".
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