Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
Business Standard

Lok Sabha passes Banking amendment bill

Related News

Replying to a debate in the lower house of parliament, Finance Minister P. Chidambaram said the regulations needed to be modified to help create "world class" and "world size" banks in India.

"We need at least two-three world class banks... none of our banks is among the world's 20 top banks," Chidambaram said.

The Laws (Amendment) Bill, 2011 will now be taken up for discussion in the Rajya Sabha, the upper house of parliament.

The new regulation increases voting rights of investors in the private sector banks to 26 percent from the existing 10 percent. This is expected to lead to consolidation in the industry.


Read more on:   

Read More

India one of top travel destinations: Survey

Owing to its rich culture and heritage, India is one of the top tourism destinations in Asia, a survey by CNN has said.

Recommended for you

Quick Links


Back to Top