Moving ahead with financial sector reforms, the government on Thursday cleared the decks for aligning voting rights of shareholders in banks in proportion with the equity holding. At present, the voting right of a shareholder is limited to 1 per cent in state-owned banks and 10 per cent in private banks irrespective of the equity holding. Welcoming the decision taken by the Cabinet to introduce the Banking Laws Amendment Bill in Parliament, SBI Chairman O P Bhatt said the move will increase flow of capital into the sector. Following the Cabinet clearance, the Amendment Bill will now be tabled in Parliament for approval. The amendments, once approved by Parliament, will enhance the voting power of shareholders in line with the portion of equity held by them. Finance Minister Pranab Mukherjee in his Budget speech has listed banking laws amendment legislation as one of the seven bills that government proposed to take up to pursue financial sector reforms. Official sources said, that cabinet also gave its nod to a bill aiming to prevent sexual offences against children.