Informative

India may allow four nominees to a bank account: Here's all you need to know about it

Update / Judgement Date

09 Aug 2024

Source

Economic Times

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingCorporate Law & Governance

Finance Minister Nirmala Sitharaman introduced the Banking Laws (Amendment) Bill 2024, aiming to modernize India's banking regulations. The bill seeks to enhance governance, improve accountability, and strengthen financial stability. It includes provisions for better oversight of banking institutions and addresses issues related to non-performing assets and insolvency.

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India may allow four nominees to a bank account: Here's all you need to know about it

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