Banking Bill

Licence aspirants begin groundwork; prepare for banking foray

Corporate entities interested in setting up new banks, including Reliance and Religare, have begun doing the groundwork after a key Bill was passed in the Lok Sabha last evening.

On strike: Why bank unions are opposing banking bill

Why would unions oppose the bill which is largely meant to benefit the public and instill more confidence among investors and depositors?

PSU bank unions on strike today after LS passes banking bill

The unions are contesting that the amendment to the banking laws will dilute the interest of public sector banks. In August, employees of public sector banks had gone on two-day nationwide strike opposing banking sector reforms

RBI to expedite process for issuance of banking licences

A day after Lok Sabha passed the Banking Laws (Amendment) Bill, RBI Deputy Governor K C Chakrabarty today said the process for issuing new banking licences will be expedited.

Lok Sabha approves banking bill, companies bill

The Lok Sabha today passed the Banking Bill after the government gave in to the BJP's demand to drop the controversial forward contract bill from the amendment.

UPA gives in, drops commodity trade clause from banking bill

The government today confirmed that it will drop the controversial clause, which allowed banks to trade in commodity futures, from the banking bill pending in parliament

BJP to support Banking Bill if forward market contract clause is dropped

The finance minister is pushing for the banking, insurance and pension bills to be passed in Parliament this week.

Is FM right in allowing banks to trade in commodity futures?

While the entry of banks into the commodities market will deepen the market, it should not be introduced without ensuring that the FMC no longer remains toothless.

FM reaches out to BJP to seek resolution on banking bill

In a bid to break the deadlock over a bill to amend banking laws, Finance Minister P Chidambaram today reached out to the principal opposition BJP to discuss the issues on which it is objecting to the proposed legislation.

Speculative trading at the crux of furore over banking bill

The sweet taste of victory turned a bit sour for the UPA after oppn sought to stall another reform bill, arguing that the amendment to the banking regulations bill that allows banks to participate in commodity futures trading was not vetted by a Parliamentary panel.