Attracting qualified directors and auditors remains another obstacle, particularly for smaller institutions. The Banking Laws Bill, 2024, holds immense potential to modernise India’s financial system by fostering resilience, inclusivity, and governance reform. Furthermore, if viewed from a bird’s eye macro-lens, firms, due to a compressed demand position and slowing consumption expenditure are sitting on credit and cash without substantially investing …
MUMBAI: Finance Minister Nirmala Sitharaman has tabled the Banking Laws Bill in the Lok Sabha, proposing to make as many as 19 amendments, including changes in the RBI Act, the Banking Regulation Act, the SBI Act, the Banking Companies Act, and the Banking Companies Act. The bill The bill seeks to bring about changes in the RBI Act of 1934, …
Senate Majority Leader Chuck Schumer thinks a federal legalisation of marijuana might be a reality in the near future due to the SAFER Act, which would reduce the risks to businesses in the cannabis industry. It would provide the industry with access to banking services- something that has been evasive since states first began to legalize recreational marijuana more than …
WASHINGTON — It seemed like a good idea at the time: Red-state Democrats facing grim reelection prospects would join forces with Republicans to slash bank regulations — demonstrating a willingness to work with President Donald Trump while bucking many in their party. But the measure also included provisions sought by midsize banks that drastically curtailed oversight once the Trump Fed …
