The Banking Regulation (Amendment) Ordinance, 2017

Economic Affairs Types of Banks and Banking

In this video published by PRS Legislative on 21-07-2017, Topic discussed- The Banking Regulation (Amendment) Ordinance,2017. The Ordinance amends the Banking Regulation Act, 1949 to insert provisions for recovery of outstanding loans. Under these provisions, the central government may authorise the Reserve Bank of India to direct banks to initiate recovery proceedings against loan defaulters.

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