Bill To Privatise Two Public Sector Banks Coming In Winter Session
NDTV
Aiming to privatise two public sector banks, government will introduce the Banking Laws (Amendment) Bill 2021 in the Winter session of Parliament
Aiming to privatise two public sector banks, the government will introduce the Banking Laws (Amendment) Bill 2021 in the forthcoming Winter session of Parliament, which will commence from November 29.
The proposed legislation is among the list of 26 bills which are scheduled to be introduced during the session.
According to the purpose of the bill, in order to privatise two public sector banks, amendments need to be made in Banking Companies (Acquisition and Transfer of Undertakings) Acts, 1970 and 1980 as well as incidental amendments are required to be made in the Banking Regulation Act, 1949.
The bill is listed for introduction, consideration as well as passing during the forthcoming Winter session, according to official sources.
