News & Media 12th Aug 2024
Better protection for depositors and investors was one of the chief considerations in the Banking Laws (Amendment) Bill, 2024, in the Lok Sabha to amend four pieces of legislation. This amendment is also to improve audit quality in public-sector banks (PSBs), offer consistency in reporting by banks to the Reserve Bank of India (RBI), and provide for an increase in the tenure of directors in cooperative banks.
In this context, Our Senior Counsel Mukesh Chand shares his views in the recent story, “Banking laws Bill extends tenure of cooperative banks’ directors to 10 yrs” authored by Harsh Kumar from Business Standard
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