The Govt. brought Banking Laws (Amendment) Bill, 2024, to amend the SBI Act, 1955, and the Banking Companies (Acquisition and Transfer of Undertakings) Acts of 1970 and 1980.

Objective – To grant public sector banks discretion in determining auditor remuneration.

Objective as per the introduced bill

Tax Concept is a dedicated team of financial writers, legal analysts, and tax professionals committed to breaking down complex Indian corporate updates. From real-time GST amendments and crucial Income...