Banking Regulation Bill Current Affairs, GK & News

Cabinet Approves Ordinance to bring UCBs and MSCBs under RBI supervision

June 24, 2020

The decision to bring Urban Cooperative Banks (UCBs) and Multi-State Cooperative Banks (MSCBs) under the supervision of India’s Central Bank- the Reserve Bank of India (RBI) was taken on 24th June 2020 during a meeting of the Union Cabinet. The ordinance will immediately come into effect from the date of signature of the President of ..

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Parliament passes Banking Regulation (Amendment) Bill, 2017

August 11, 2017

Parliament has passed the Banking Regulation (Amendment) Bill, 2017 with the Rajya Sabha approving it. The Lok Sabha has already passed it. The bill will replace the Banking Regulation (Amendment) Ordinance, 2017 promulgated by President in May 2017. The bill seeks to amend the Banking Regulation Act, 1949 to insert provisions for handling cases related ..

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Lok Sabha passes Banking Regulation (Amendment) Bill, 2017

August 3, 2017

The Lok Sabha has passed the Banking Regulation (Amendment) Bill, 2017 by voice vote. It will replace the Banking Regulation (Amendment) Ordinance, 2017. The bill seeks to amend the Banking Regulation Act, 1949 to insert provisions for handling cases related to stressed assets or non-performing assets (NPAs) of banks. Stressed assets (NPAs) are loans defaulted ..

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