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Four Nominees and a ₹2 Crore Cap: What the New Banking Laws Mean for You
by GAVYA & MAITRI
The sources discuss the Banking Laws (Amendment) Bill 2024, which was introduced in the Lok Sabha on December 3, 2024, by Union Finance Minister Nirmala Sitharaman. The bill includes provisions for allowing up to four nominees for bank accounts, redefining the “substantial interest” limit for directorships, and increasing the tenure of directors in cooperative banks.
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ABOUT THIS SHOW
The sources discuss the Banking Laws (Amendment) Bill 2024, which was introduced in the Lok Sabha on December 3, 2024, by Union Finance Minister Nirmala Sitharaman. The bill includes provisions for allowing up to four nominees for bank accounts, redefining the “substantial interest” limit for directorships, and increasing the tenure of directors in cooperative banks.
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GAVYA & MAITRI
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