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Banking Laws (Amendment) Act 2025
August 4 , 2025
17 hrs 0 min
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- The Banking Laws (Amendment) Act 2025 will come into force on August 1 to improve governance and protect depositors and investors.
- The Act enhances the audit quality in public sector banks and extends Director tenure in cooperative banks except for Chairperson and whole-time Directors.
- The “substantial interest” threshold is raised from 5 lakh rupees to 2 crore rupees, a limit unchanged since 1968.
- Director tenure in the cooperative banks is increased from 8 to 10 years, aligning with the 97th Constitutional Amendment.
- The Act includes 19 amendments across five legislations, including the Reserve Bank of India Act 1934 and the Banking Regulation Act 1949.
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