Nirmala Sitharaman Proposes 19 Amendments to Improve Banking Governance and Investor Protection

Union Finance Minister Nirmala Sitharaman proposed 19 amendments to key banking laws in the Lok Sabha on Tuesday. The amendments target improvements in banking governance and enhanced investor protection. These include 12 changes to the Reserve Bank of India Act, Banking Regulation Act, and other crucial banking laws. Sitharaman emphasized that these measures, initially outlined in the latest budget, aim to strengthen the banking sector and safeguard the interests of investors, ensuring a more secure financial environment.

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