Finance Minister Nirmala Sitharaman introduced new Bills in the Lok Sabha on Friday, including the Banking Laws (Amendment) Bill, 2024. The Bill aims to amend the Reserve Bank of India Act, the Banking Regulation Act, and the State Bank of India Act. Key proposed changes include increasing the number of nominees per bank account and redefining 'substantial interest' for directorships by raising the limit to Rs 2 crore from the current Rs 5 lakh.
