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LS clears banking rule change that will allow up to four nominees
Hindustan Times
|December 04, 2024
BANKING LAWS (AMENDMENT) BILL, 2024 PROPOSES 19 CHANGES IN FIVE EXISTING LAWS FOR EASE OF COMPLIANCE AND BETTER REGULATIONS
The Lok Sabha on Tuesday passed amendments to the banking laws permitting account holders to propose up to four nominees either successively or simultaneously with their respective shares, which will make inheritance of bank deposits smooth and unambiguous.
The Banking Laws (Amendment) Bill, 2024 also proposes 19 amendments in five existing laws for the ease of compliance, better regulation and efficient auditing of banks, including multi-state cooperatives offering banking services, Union finance minister Nirmala Sitharaman said.
Dit verhaal komt uit de December 04, 2024-editie van Hindustan Times.
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