Vanshika verma | Jul 30, 2025 |
Banking Laws (Amendment) Act, 2025: Key Provisions to Come into Force from 1st August 2025
The Department of Financial Services has recently releases a notification dated, July 29, 2025 under Section (1) (2) of the Banking Laws (Amendment) Act, 2025. The Central Government assigns August 1, 2025 as the date on which the provisions of sections 3,4,5,15,16,17,18,19 and 20 will take effect.
The Banking Laws (Amendment) Act, 2025 was first released on April 15, 2025 and after receiving the president’s agreement it will soon introduce key provisions.
The new update of Banking laws (Amendment) fixes the various banking laws including the Reserve Bank of India (RBI) Act, 1934, the Banking Regulation Act, 1936, the State Bank of India Act, 1955 and also the Banking Companies Acts of 1970 and 1980.
Refer to the below notification for complete information
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