Banking Laws Bill 2024: Tenure of Cooperative Banks' Directors Extended to 10 Years

Last updated: 12 August 2024

The Banking Laws (Amendment) Bill, 2024, recently tabled by Finance Minister Nirmala Sitharaman in Parliament, aims to bring significant changes to the banking sector. The bill proposes extending the tenure of cooperative bank directors, redefining 'substantial interest' to reflect current market va

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