Cabinet okays banking laws amendment bill
New Delhi, April 26 (IANS) The cabinet Thursday okayed the Banking Laws (Amendment) Bill seeking to raise voting rights ceilings in private banks.
The cabinet chaired by Prime Minister Manmohan Singh cleared the bill as recommended by the parliamentary standing committee on finance.
The Banking Laws (Amendment) Bill, 2011 was tabled in Parliament in 2011 and sent to the parliamentary standing committee for its views.
The committee headed by former finance minister Yashwant Sinha has recommended increasing in cap in voting rights.
The panel had suggested that in private sector banks the cap on voting rights of a single entity be increased to 26 percent from the current 10 percent and in public sector banks from one percent to 10 percent.
Sources said the cabinet has okayed the change in voting rights as suggested by the parliamentary panel.
Read More: Kushal Pal Singh | Udham Singh Nagar | Bhagat Singh Market | Parliament House | Guru Gobind Singh Marg | N.t.p.c./sector-10 Faridabad | Dhabitek Singh | Jai Singh Pura | Kheri Man Singh | Hari Singh Pura | Burj Hari Singh Wala | Mehar Singh Wala | Shazada Sant Singh | Bill | Yashwant Nagar | Joypur Bill Bo | T Bill Para | Rowmari Bill | K.sector | Sinha | Bank | Law | Manmohan Singh
7 ROB ATM MACHINE FILLED WITH CASH
June 18, 2013 at 8:35 PM
SALWA JUDUM SPO BRUTALLY BEATEN UP BY POLICE OFFICER (NNIS SPECIAL)
June 18, 2013 at 8:25 PM
BJP SAYS, IT IS SETTING THE AGENDA FIRST FOR DELHI POLLS
June 18, 2013 at 8:19 PM