Parliament Passes Banking Laws Amendment Bill 2024

CosmicTaco · 2025-03-27T11:02:10.748512+05:30

- Parliament passed the Banking Laws (Amendment) Bill, 2024, allowing up to four nominees per bank account. - AAP MP Raghav Chadha criticized the bill, citing rising fraud, high loan interest rates, and poor financial security. - Chadha urged the government to cap interest rates and provide subsidized loans to first-time homebuyers. - Finance Minister Nirmala Sitharaman defended the bill, emphasizing strengthened governance and customer convenience. - The bill also proposes changes to directorship limits and tenure in cooperative banks. Source: [Zee News](https://zeenews.india.com/india/public-trust-is-eroding-raghav-chadha-slams-banking-laws-bill-in-rajya-sabha-2877973.html), [Hindustan Times](https://www.hindustantimes.com/india-news/banking-bill-cleared-in-rs-through-voice-vote-101743015716342.html)

Parliament passed the Banking Laws (Amendment) Bill, 2024, allowing up to four nominees per bank account.
AAP MP Raghav Chadha criticized the bill, citing rising fraud, high loan interest rates, and poor financial security.
Chadha urged the government to cap interest rates and provide subsidized loans to first-time homebuyers.
Finance Minister Nirmala Sitharaman defended the bill, emphasizing strengthened governance and customer convenience.
The bill also proposes changes to directorship limits and tenure in cooperative banks.

Source: Zee News, Hindustan Times