educratsweb@mail.com

+91

📂 Register 🔒 Login
PRESIDENT PROMULGATES BANKING REGULATION (AMENDMENT) ORDINANCE, 2020 #EDUCRATSWEB

President Promulgates Banking Regulation (Amendment) Ordinance, 2020

In pursuance of the commitment to ensure safety of depositors across banks, the President has promulgated the Banking Regulation (Amendment) Ordinance, 2020. (Click to view the Gazette notification on the Ordinance)

The Ordinance amends the Banking Regulation Act, 1949 as applicable to Cooperative Banks. The Ordinance seeks to protect the interests of depositors and strengthen cooperative banks by improving governance and oversight by extending powers already available with RBI in respect of other banks to Co-operative Banks as well for sound banking regulation, and by ensuring professionalism and enabling their access to capital. The amendments do not affect existing powers of the State Registrars of Co-operative Societies under state co-operative laws. The amendments do not apply to Primary Agricultural Credit Societies (PACS) or co-operative societies whose primary object and principal business is long-term finance for agricultural development, and which do not use the word “bank” or “banker” or “banking” and do not act as drawees of cheques.

The Ordinance also amends Section 45 of the Banking Regulation Act, to enable making of a scheme of reconstruction or amalgamation of a banking company for protecting the interest of the public, depositors and the banking system and for securing its proper management, even without making an order of moratorium, so as to avoid disruption of the financial system.

https://pib.gov.in/PressReleseDetailm.aspx?PRID=1634684

President Promulgates Banking Regulation (Amendment) Ordinance, 2020
if you have any information regarding Job, Study Material or any other information related to career. you can Post your article on our website. Click here to Register & Share your contents.
For Advertisment or any query email us at educratsweb@gmail.com

RELATED POST

1. MoRTH notifies regulations for tyres, safety glass, external projections, etc under CMVR
The Ministry of Road Transport and Highways vide GSR 457 (E) dated 20th July 2020, has made  following amendments in CMVR 1989 - The specification for the Tyre pressure monitoring system ( TPMS) for vehicles up to maximum mass of 3.5 Tonnes which monitors the
2. President of India appreciates the role of Teachers through Digital Education during COVID times
The President of India, Shri Ram Nath Kovind, conferred National Awards on 47 teachers from across the country in the first ever award ceremony held virtually today (September 5, 2020) on the occasion of Teachers’ Day. The President in his speech congratulated the winners of the award and appreciated the steps taken by the teachers in order to improve school education qualitatively. He observed that about 40 percent of the winners of the National Awards were women and appreciated the role women hav
3. CCI invites public comments regarding examination of non-compete restrictions under regulation of combinations
CCI invites public comments regarding examination of non-compete restrictions under regulation of combinations   The Competition Commission of India (CCI) has been looking at non-compete restrictions stipulated in mergers and acquisitions while reviewing combinations. Notifying parties are required to furnish information on non-compete restrictions for the purpose of its examination. The CCI has issued a Guidance Note explaining the circumstances under which a non-c
4. Grant of Presidential Awards to the officers of the Central Board of Indirect Taxes & Customs (CBIC) on occasion of the Republic Day, 2021
Every year, the officers of the Central Board of Indirect Taxes & Customs and its field offices are considered for grant of Presidential Award of Appreciation Certificates and Medals for “Exceptionally Meritorious Service rendered at the Risk of Life” and for Presidential Award of Appreciation Certificates and Medals for “Specially Distinguished Record of Service” on their achieving and maintaining excellence in discharge of their duties. Thes
5. Vice President reads Ramayana with his wife at Upa-Rashtrapati Nivas on the occasion of the Bhoomi Pujan in Ayodhya
The Vice President of India, Shri M. Venkaiah Naidu today read Ramayana along with his wife Smt. Usha Naidu at Upa-Rastrapati Nivas on the auspicious occasion of the Ram Mandir Bhoomi Pujan in Ayodhya today.
6. The Vice-President of India to release results of Atal Ranking of Institutions on Innovation Achievements (ARIIA) 2020 on tomorrow
Atal Rankings of Institutions on Innovation Achievements (ARIIA) 2020 will be announced by the Vice-President of India Shri M. Venkaiah Naidu on 18th day of August 2020 in esteemed presence of Union Minister for HRD, Shri Ramesh Pokhriyal ‘Nishank’ and Union Minister of State for HRD Shri Sanjay Shamrao Dhotre. The announcement ceremony will be virtual and will be attended by Secretary, Higher Education Shri Amit Khare and the dignitaries from government and non-government organizations and h
7. President of India awards President’s Police Medal for Distinguished Services and Police Medal for Meritorious Services to the RPF/RPSF personnel
On the occasion of Independence Day 2020, the Hon’ble President of India has awarded President’s Police Medal for Distinguished Services and Police Medal for Meritorious Services to the following RPF/RPSF personnel:   President’s Police Medal (PPM) for Distinguished Service:   1. Shri D.B. Kasar, Principal Chief Security Commissioner/South  Eastern Railway   Police Medal (PM) f
8. President Promulgates Banking Regulation (Amendment) Ordinance, 2020
President Promulgates Banking Regulation (Amendment) Ordinance, 2020 In pursuance of the commitment to ensure safety of depositors across banks, the President has promulgated the Banking Regulation (Amendment) Ordinance, 2020. (Click to view the Gazette notification on the Ordinance) The Ordinance
9. Vice President urges people to practice yoga and meditation to beat stress and prevent NCDs
The Vice President of India, Shri M Venkaiah Naidu today called upon the people to regularly practice Yoga and meditation and return to our traditional food habits to beat the stress caused by modern lifestyle and prevent non-communicable diseases (NCDs). Virtually launching the Society of Coronary Surgeons in Hyderabad, he pointed out that the scientific community has concluded that inappropriate lifestyle was the major cause for the raise in the cardio-vascular diseases (CVD) incidence. &ldqu
10. President of India Shri Ram Nath Kovind virtually conferred the National Service Scheme (NSS) Awards for the year 2018-19 today
The President of India Shri Ram Nath Kovindvirtually conferred the National Service Scheme (NSS) Awards for the year 2018-19 on 24th September, 2020 from Rashtrapati Bhawan, New Delhi today. UnionMinister of Youth Affairs and SportsShri Kiren Rijijuattended the ceremony from Vigyan Bhavan, New Delhi. The National Service Scheme (NSS) Award for the year 2018-19 was given to 42 awardees in 3 different categories like University/ +2 Council, NSS Units and their Programme Officers and NSS Volunteers. Secreta
11. Union Education Minister launches Minimum Standards of Architectural Education Regulations, 2020
In continuation of pertinent educational reforms being made by Ministry of Education, Shri Ramesh Pokhriyal Nishank, Education Minister virtually launched the "Minimum Standards of Architectural Education Regulations, 2020" here today.  Minister of State for Education, Shri Sanjay Dhotre also graced the occasion. Senior officials of Ministry of Education and President, Council of Architecture , Ar Habeeb Khan, were also present on the occasion. While addressing the participants S
12. IBBI amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fourth Amendment) Regulations, 2020 today. The Insolvency and Bankruptcy Code, 2016 (Code) envisages appointment of an authorised representative (AR) by the Adjudicating Authority to represent financial creditors in a class, like allottees under a real estate project, in the committee of creditors. For this purpose, the Regulations requ
13. Need for providing a comprehensive and objective account of the historical events: Vice President
The Vice President, Shri M Venkaiah Naidu today stressed the need to give for providing a comprehensive, authentic and objective account of the historical events. He was speaking after releasing the book, ‘NETAJI—India’s Independence and British Archives’ authored by Dr. Kalyan Kumar De, an associate member of the Netaji Subash Bose-INA Trust at Upa-Rashtrapati Nivas. Observing that the book contains some interesting documents that throw light on the great cont
14. Teach children how to navigate through misinformation and fake news – Vice President
The Vice President of India, Shri M. Venkaiah Naidu today emphasised the need to teach children how to navigate through the misinformation and fake news that infest the media landscape, especially the new media environment these days. Addressing
15. Vice President suggests inclusion of milk in mid-day meal scheme
The Vice President, Shri M Venkaiah Naidu today suggested that milk could be given either as part of breakfast or the mid-day meal in order to improve the nutritional levels of children. Shri Naidu spoke to the Union Minister for Women and Child Development, Smt. Smriti Irani in this regard and made this suggestion. The Minister assured the Vice President that the central government would consider recommending to all the States to include milk in the mid-day meal scheme. Earlier in th
16. PM condoles the passing away of former President Bharat Ratna Shri Pranab Mukherjee
The Prime Minister, Shri Narendra Modi has condoled the passing away of former President Bharat Ratna Shri Pranab Mukherjee. The Prime Minister said, "India grieves the passing away of Bharat Ratna Shri Pranab Mukherjee. He has left an indelible mark on the development trajectory of our nation. A scholar par excellence, a towering statesman, he was admired across the political spect
17. Address to the Nation by the Hon’ble President of India, Shri Ram Nath Kovind, on the eve of India’s 74th Independence Day
 Namaskaar!   It gives me great pleasure to greet all the people of India, living in the country and abroad, on the eve of the 74th Independence Day.  August 15 fills us with the excitement of unfurling the tricolour, taking part in celebrations and listening to patriotic songs. On this day, the youth of India should feel the special pride of being citizens of a free nation. We gratefully remember our freedom fighters and martyrs whose sacrifices have enabled us
18. Union Minister Shri Prakash Javadekar releases e-book ‘Connecting, Communicating, Changing’ the Vice President of India’s three years in office
Union Minister for Information and Broadcasting, Shri Prakash Javadekar today unveiled e-version of the book ‘Connecting, Communicating, Changing’ the Vice President of India’s three years in office. The e-book was launched along with its print coffee table version which was released by Union Minister of Defense Shri Rajnath Singh. The event was organized at Upa-Rashtrapati Nivas in New Delhi.  
19. President approves 84 Gallantry Awards and other decorations to personnel of Armed and Paramilitary Forces
President Shri Ram Nath Kovind, who is also the Supreme Commander of the Armed Forces, has approved 84 awards and decorations to the Armed Forces personnel and members of the Paramilitary Forces. The awards include one Kirti Chakra, nine Shaurya Chakras, five Bar to Sena Medals (Gallantry), 60 Sena Medals (Gallantry), four Nao Sena Medals (Gallantry)and five Vayu Sena Medals (Gallantry). The President has also approved 19 Mention-in-Despatches to the Army Personnel for their significant contrib
20. President of India Shri Ram Nath Kovind will virtually confer the National Sports and Adventure Award 2020 tomorrow
The President of India Shri Ram Nath Kovind will virtually confer the National Sports and Adventure Award 2020 on 29 August 2020. Union Minister of Youth Affairs and Sports Shri. Kiren Rijiju, President of the Indian Olympic Association Shri. Narendra Dhruv Batra and several other dignitaries will attend the ceremony from Vigyan Bhavan, New Delhi. 65 awardees are expected to attend the ceremony. The awardees will attend the ceremony from various places across the country - Bengaluru, Pune, Sonepat, Chand
21. IBBI amends the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016
The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy  Board of India (Liquidation Process) (Third Amendment) Regulations, 2020 today.
22. Vice President calls for Knit India movement to fully realize Quit India goals
Vice President of India Shri M.Venkaiah Naidu has called for an intensified campaign of ‘Knit India’ to enable a strong and fully emotionally integrated nation that would offer the best defence against the evil designs
23. Vice President asks civil servants to be pro-active change-agents in building a New India
The Vice President, Shri M Venkaiah Naidu today urged young IAS officers to treat their vocation as a mission to bridge rich-poor, men-women and urban-rural divides and be pro-active change-agents in building a New India.
24. IBBI amends the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017
The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Second Amendment) Regulations, 2020 on 05.08.2020. The Insolvency and Bankruptcy Code, 2016 enables a corporate person to initiate voluntary liquidation process if it has no debt or it will be able to pay its debts fully from the proceeds of the assets. The corporate person appoints an insolvency professional to conduct the voluntary liquidation process by a
25. Vice President calls for the nurturing of entrepreneurial talent among the youth
The Vice President, Shri M. Venkaiah Naidu called for the nurturing of entrepreneurial talent among the youth of the nation to make India ‘Atmanirbhar’ in the time to come.  He said that we must tap into theentrepreneurial talent and technological skill of every citizen of the nation and harness our local resources to attain self-reliance and to serve the humanity at large. He was addressing a Webinar on Acharya Vinoba Bhave’s contribution to the dissemination of Gandhi J
We would love to hear your thoughts, concerns or problems with anything so we can improve our website educratsweb.com ! email us at educratsweb@gmail.com and submit your valuable feedback.
Save this page as PDF | Recommend to your Friends

Subscribe to our Telegram channel https://t.me/educratswebchannel | PRESIDENT PROMULGATES BANKING REGULATION (AMENDMENT) ORDINANCE, 2020 #EDUCRATSWEB educratsweb.com News 2020-06-28
PRESIDENT PROMULGATES BANKING REGULATION (AMENDMENT) ORDINANCE, 2020 #EDUCRATSWEB educratsweb.com News 2020-06-28 | Google Cached Pages