SENSEX
NIFTY
GOLD
USD/INR

Weather

image 25    C

Company News

The Economic Times

Company / The Economic Times

details

SBI seeks clarity on bank accounts under proposed FCRA rules

State Bank of India presented to the Joint Parliamentary Committee regarding the Foreign Contribution (Regulation) Amendment Bill. Officials raised concerns about gaps in foreign donation handling when registration lapses occur. They suggested that clear banking procedures be established for affected organizations. The bill proposed transferring compliance responsibilities to a government-designated authority in certain cases. Opposition parties criticized the bill for potentially disadvantaging minority groups and impacting foreign funding for NGOs.

29 Sep 2026 8:22 pm