Banking Laws

  • Russia bans foreign banks from opening branches March 16, 2013

    Moscow: Russian President Vladimir Putin has signed a law banning foreign banks from opening branches in the country, the government website said. The bill was adopted by the State Duma February 22, 2013, and approved by the Federation Council March 6, 2013. The bill amends a number of existing Russian banking laws...
  • Corporates interested in setting up new banks start groundwork December 19, 2012

    New Delhi: 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 on Tuesday evening. In a major step to reform India's banking sector, the Lok Sabha had passed the Banking Laws (Amendment)...
  • We welcome new banks and more competition: HSBC India December 19, 2012

    Welcoming the Banking Laws Amendment Bill, which allows setting up of new banks in the country, HSBC Indian Country Head Naina Lal Kidwai said more competition always helps. ...
  • Govt faces opposition from BJP on banking law amendment bill December 11, 2012

    New Delhi: The government may have passed the FDI test but it still has to work hard to push its other economic legislations with the BJP unwilling to concede an inch on the banking law amendment bill. On Monday, the Lok Sabha witnessed a direct confrontation between the Opposition and...
  • Parliament deadlock: Over 90 bills pending August 24, 2012

    New Delhi: While the government is under fire over the CAG report and the Opposition gunning for Prime Minister Manmohan Singh's resignation in the coal block allocations, UPA's reform agenda has been pushed to a corner. Over 90 bills are waiting for an approval by Parliament and the government's efforts...
  • Cabinet okays Banking Laws Amendment Bill April 26, 2012

    New Delhi: The Cabinet on Thursday okayed the Banking Laws (Amendment) Bill seeking to raise voting rights ceilings in private banks. The cabinet chaired by Prime Minister Manmohan Singh cleared the bill as recommended by the parliamentary standing committee on finance. The Banking Laws (Amendment) Bill, 2011 was tabled in Parliament in...