..............The Bill, which was introduced in Lok Sabha in March 2011, seeks to empower Reserve Bank of India to dismiss a bank’s board and force a reconstruction of the board to protect the interests of depositors, shareholders and employees. This will pave way for the central bank to grant licences to industrial houses to set up banks. The other proposals in the Bill include increasing voting rights of an entity in a nationalised bank to 10% from the existing 1%. Besides, once legislated, the Bill will provide the RBI powers to ask for information from banks’ associate companies.........
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment