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of <h1>India Proposes Banking Laws (Amendment) Bill 2011 to Boost RBI's Oversight on Banking Subsidiaries' Accounts.</h1> The Government of India has introduced the Banking Laws (Amendment) Bill, 2011, in the Lok Sabha, aiming to enhance regulatory oversight. The Bill proposes to empower the Reserve Bank of India (RBI) to inspect the books of accounts of any associate enterprise of a banking company. This measure is intended to strengthen the regulatory framework and ensure better supervision of banking subsidiaries. The details were provided by the Minister of State for Finance in response to a question in the Lok Sabha.
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