Banking regulation (amendment) Bill 2020 Current Affairs, GK & News

Banking Regulation (Amendment) Bill, 2020

The Banking Regulation (Amendment) Bill, 2020 which is an amendment to the Banking Regulations act 1949, was passed in Parliament.  The Bill replaces the Banking Regulation (Amendment) Ordinance, 2020 that was promulgated on June 26, 2020. key provisions of the Bill The Bill provides power to RBI so as to initiate scheme for reconstruction or amalgamation ..