<h1>MP Criticizes Banking Laws (Amendment) Bill, 2024 for Ignoring Public Concerns; Urges Interest Rate Caps, Cybersecurity Boost</h1> An AAP Rajya Sabha MP criticized the Banking Laws (Amendment) Bill, 2024, claiming it fails to address key public concerns. He argued that public trust in India's banking system is declining due to rising fraud, high loan interest rates, and poor financial security for depositors. He highlighted issues such as unaffordable home and education loans, inadequate savings interest rates, and increasing banking frauds. He urged the government to cap interest rates, provide subsidized loans, and enhance cybersecurity. He also criticized hidden banking charges and the closure of rural bank branches, calling for regulatory reforms to restore public confidence.