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Key provisions relating to bank nomination to come into force from 1 November
The Statesman Bhubaneswar
|October 24, 2025
Key Provisions relating to Nomination under the Banking Laws (Amendment) Act, 2025 will come into effect from 1 November.
The Banking Laws (Amendment) Act, 2025 was notified on April 15. 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 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 different dates may be appointed for different provisions of the Act. Accordingly, the Central Government has notified that the provisions contained in Sections 10, 11, 12 and 13 of the Banking Laws (Amendment) Act, 2025 shall come into force w
Dit verhaal komt uit de October 24, 2025-editie van The Statesman Bhubaneswar.
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