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There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Govt to push Banking Regulation Bill in Monsoon Session

Govt also working on Banning of Unregulated Deposit Schemes and Protection of Depositors Interests Bill.

11 July 2017 4:55 PM IST

Finance Minister Arun Jaitley (Photo: PTI)

Jaitley tables bill to replace Banking Regulation Ordinance

Measure allows RBI to initiate insolvency resolution process on specific stressed assets.

24 July 2017 2:14 PM IST