Which act was notified recently by the Union Government? – InterviewSolution

InterviewSolution

1.	Which act was notified recently by the Union Government?
Answer» The Union Government notified the Banking Regulation (Amendment) Act, 2017. The Parliament approved the Banking Regulation (Amendment) Bill, 2017 which replaced an ordinance in this regard. It empowers the Central government to authorize the Reserve Bank of India (RBI) to direct banking companies to resolve specific stressed assets.

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