FM introduced Banking Regulation (Amendment) Bill 2020 in LS

Published on September 16, 2020
Current Context: The Finance Minister Nirmala Sitharaman has introduced Banking Regulation Amendment Bill 2020 in Lok Sabha.
FM introduced Banking Regulation (Amendment) Bill 2020 in LS 
  • The new Banking Regulation Amendment Bill 2020 aims to give power to restructure cooperative banks by RBI in order to protect the interest of depositors. 
  • Now, the powers of RBI will be extended to cooperative banks after the ratification of bill. 
  • After the amendment of the bill, Cooperative banks will be able to raise money by public issues or by private placements of equity or by preference shares as well as by unsecured debentures; by having prior recommendations and approvals from RBI. 
  • Static Part: 
    • HQ of RBI: Mumbai
    • Governor of RBI: Shaktikanta Das

Question: 

Q.1 As per the Banking Regulation Amendment Bill 2020, Cooperative banks will be able to raise money from which of the following?
a. Public issues and private placement
b. Unsecured debentures
c. Preference shares
d. All of the above

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