https://www.taxtmi.com/news?id=19742 The note explains that statutory exemptions in banking statutes limit the Reserve Bank of India's authority over public sector banks-restricting removal of directors and management, board supersession, license revocation, merger and liquidation powers-creating a dual regulatory regime that weakens regulatory discipline. It argues legislative reform to make banking regulatory powers fully ownership neutral is necessary to restore supervisory parity, strengthen deterrence against fraud, and support timely, time-bound resolution of stressed assets through a framework that relies on the Insolvency and Bankruptcy regime. en-us Thu, 15 Mar 2018 10:10:47 +0530 Thu, 15 Mar 2018 10:10:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19742 The note explains that statutory exemptions in banking statutes limit the Reserve Bank of India's authority over public sector banks-restricting removal of directors and management, board supersession, license revocation, merger and liquidation powers-creating a dual regulatory regime that weakens regulatory discipline. It argues legislative reform to make banking regulatory powers fully ownership neutral is necessary to restore supervisory parity, strengthen deterrence against fraud, and support timely, time-bound resolution of stressed assets through a framework that relies on the Insolvency and Bankruptcy regime. News - Thu, 15 Mar 2018 10:10:47 +0530 https://www.taxtmi.com/news?id=19742