Bharat Updates - #Finance Minister Nirmala Sitharaman on Friday...

2024-08-10 10:59:35 -

#Finance Minister Nirmala Sitharaman on Friday introduced in the Lok Sabha the Banking Laws (Amendment) Bill, 2024, which seeks to give customers an option to increase the number of nominees per bank account to four, from existing one, among others.

Another proposed change relates to redefining ‘substantial interest’ for directorships, which could increase to ₹2 crore instead of the current limit of ₹5 lakh, which was fixed almost six decades ago

#Finance Minister Nirmala Sitharaman on Friday introduced in the Lok Sabha the Banking Laws (Amendment) Bill, 2024, which seeks to give customers an option to increase the number of nominees per bank account to four, from existing one, among others. Another proposed change relates to redefining ‘substantial interest’ for directorships, which could increase to ₹2 crore instead of the current limit of ₹5 lakh, which was fixed almost six decades ago

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