Union Railway Minister Ashwini Vaishnaw on Friday introduced the Railways (Amendment) Bill, 2024 in the Lok Sabha

Bill, 2024, passed in Lok Sabha, proposed changes like allowing up to four nominees for bank accounts and redefining 'substantial interest' thresholds. It aims to simplify fund distribution after an account holder's death and improve bank governance,

Finance minister Nirmala Sitharaman piloted the Banking Laws (Amendment) Bill which was approved by a voice vote

In a bid to improve bank governance and enhance investor protection, the government on Tuesday passed an amendment bill in the Lok Sabha that brings about changes to five banking laws. Finance minister Nirmala Sitharaman said the Banking Laws (Amendment) Bill will strength bank governance,

Bank stocks saw an uptick as the Lok Sabha passed the Banking Laws (Amendment) Bill, 2024, introducing multiple changes including allowing multiple nominees for depositors and altering regulations for bank directorships.

Another proposed change in the Bill relates to redefining 'substantial interest' for directorships, which could increase to Rs 2 crore instead of the current limit of Rs 5 lakh fixed almost six decade