October 23, 2025 3:11 PM
Key nomination provisions under Banking Laws (Amendment) Act, 2025 to take effect from November 1
The key provisions relating to nomination under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1, 2025, according to a notification issued by the Central Government. The Banking Laws (Amendment) Act, 2025, notified on April 15, 2025, introduced a total of 19 amendments across five major legislations - the Reserve Bank of India Act, 1934, Banking Regulation Act, 1949, State Bank of India Act, 1955, and the Banking Companies (Acquisition and Transfer of Undertakings) A...