UNION BUDGET AND MINT ROAD
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister ton the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. It was felt that these issues would gather speed when a new government was sworn in after the results of the general elections in June 2024. We may get to see forward moment in the upcoming Union Budget in February.
Moves on the re-look of the key Acts will have to be read together with the recommendations of the RBI's Internal Working Group (IWG) to 'Review extant ownership guidelines and corporate structure for Indian private sector banks'. The IWG had on November 20, 2020 made a case for large corporate and industrial houses as promoters of banks. And that large non-banking financial companies (NBFCs) with an asset size of 50,000 crore and above, including those owned by corporate houses, may be considered for conversion into banks.
هذه القصة مأخوذة من طبعة December 30, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة December 30, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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Industry will also focus on strengthening distribution networks and human capital
UNDER THE PUMP
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Auto stocks race on December sales boost
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Best Dec for IPOs since 1996
15 firms collectively raised ₹25,425 cr last mth
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