💨 Abstract

AAP MP Raghav Chadha claimed in the Rajya Sabha that public trust in India's banking system is eroding due to rising fraud, high loan interest rates, and poor financial security for depositors. He criticized the Banking Laws (Amendment) Bill, 2024, for failing to address citizens' key concerns. The bill allows account holders to have up to four nominees.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖