India, July 30 -- The Government of India issued the following news release:
The Key Provisions of the Banking Laws (Amendment) Act, 2025 will come into effect from 1st August 2025. The Banking Laws (Amendment) Act, 2025 was notified on 15th April 2025 (Gazette Notification link attached below). It contains a total of 19 amendments across five legislations-the Reserve Bank of India Act, 1934, Banking Regulation Act, 1949, State Bank of India Act, 1955 and Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and 1980.
The notification said that the provisions of the Banking Laws (Amendment) Act, 2025 "shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint" and di...