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#950 Government's Bold Decision on Bank Accounts | Daily Money Show
Original: #950 Bank Account పై Government సంచలన నిర్ణయం | Daily Money Show
Takeaway
Up to 4 bank-account nominees with percentage shares will be allowed once banking amendment is implemented - update your accounts when live.
Summary
- Lok Sabha passed Banking Laws Amendment allowing up to 4 nominees per bank account/FD with percentage-share or successive-nomination options (previously only 1 nominee)
- Sensex closed at 80,956 (+110); Nifty 24,467 (+10); mid-cap +0.76%, small-cap +0.65%, Bank Nifty +1.08%
- Mamaearth stock jumped 6%+ (briefly upper-circuit) as CEO Varun Alagh bought 18 lakh shares in November despite 28% one-month and 60% six-month drawdown
- Bajaj Auto Freedom 125 CNG bike got weak market response; price cuts of ₹5,000 (entry) and ₹10,000 (mid) to clear inventory; UBS issued Sell rating
- Adani Group reportedly in talks to acquire Star Cement (7.7 MTPA capacity, highest North-East market share) to compete with UltraTech
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Original description
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