Current Affairs

New Banking Regulation (Amendment) Bill – 2020


Daily Current Affairs in English

New Banking Regulation (Amendment) Bill – 2020

Key Points:

During the first day of  the monsoon session of Parliament, the finance minister Nirmala Sitharaman introduced the Banking Regulation (Amendment) Bill Ordinance-2020.

The decision was taken to protect the deposite holder for any fallout of the impact of the  pandemic.

The Amendment  enable the cooperatives to raise capital through issue of equity shares and other instruction with Reserve Bank  approval.

Finance Minister Nirmala Sitharaman, introduced this bill  to avoid another Punjab and Maharshtra Co-operative Bank crises.

Daily Current Affairs in English

New Banking Regulation (Amendment) Bill – 2020