PUBLIC SECTOR BANKS (PSBs) have turned the corner and are now safe, stable and healthy enough to tap the market to raise funds to expand their businesses without depending on the government for funds, finance minister Nirmala Sitharaman said on Tuesday.
Replying to a debate on the Banking Laws (Amendment) Bill, 2024, she further said the amendments, approved by the Lok Sabha on Tuesday, would strengthen governance in the banking sector, besides enhancing consumer and customer convenience concerning nominations and protection of investors.
The Bill was approved by a voice vote in the Lok Sabha and is expected to be approved by the Rajya Sabha later this week.
This story is from the December 04, 2024 edition of Financial Express Mumbai.
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This story is from the December 04, 2024 edition of Financial Express Mumbai.
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