{"id":233523,"date":"2025-12-10T15:28:09","date_gmt":"2025-12-10T09:58:09","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=233523"},"modified":"2025-12-10T15:28:15","modified_gmt":"2025-12-10T09:58:15","slug":"banking-law-amendment-act-2025","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/","title":{"rendered":"All About Banking Laws (Amendment) Act, 2025"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#What_is_the_banking_laws_amendment_act_2025\" >What is the banking laws (amendment) act, 2025?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#Why_was_the_banking_laws_amendment_act_2025_needed\" >Why was the banking laws (amendment) act, 2025 needed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#How_have_Indias_banking_laws_evolved_over_time\" >How have India\u2019s banking laws evolved over time?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#What_are_the_major_reforms_under_the_banking_laws_amendment_act_2025\" >What are the major reforms under the banking laws (amendment) act, 2025?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#What_are_the_modernised_nomination_rules_under_the_act\" >What are the modernised nomination rules under the act?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#What_is_the_new_definition_of_%E2%80%98substantial_interest_under_the_act\" >What is the new definition of \u2018substantial interest\u2019 under the act?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#How_has_governance_in_co-operative_banks_been_strengthened\" >How has governance in co-operative banks been strengthened?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#What_audit_reforms_have_been_introduced_for_public_sector_banks\" >What audit reforms have been introduced for public sector banks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#How_does_the_act_improve_investor_and_depositor_protection\" >How does the act improve investor and depositor protection?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#What_changes_have_been_made_for_improving_operational_efficiency\" >What changes have been made for improving operational efficiency?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#What_impact_will_the_act_have_on_depositors_banks_and_the_financial_system\" >What impact will the act have on depositors, banks, and the financial system?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#What_is_the_overall_significance_of_the_act_in_Indias_banking_journey\" >What is the overall significance of the act in India\u2019s banking journey?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<div class=\"wp-block-yoast-seo-ai-summarize yoast-ai-summarize\"><h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul class=\"wp-block-list yoast-ai-summarize-list\">\n<li>The Banking Laws Amendment Act 2025 modernizes India&#8217;s banking laws to improve governance, transparency, and depositor safety.<\/li>\n\n\n\n<li>The Act introduces important reforms like simplified nomination rules, strong governance for cooperative banks, and better audit procedures.<\/li>\n\n\n\n<li>It reduces outdated terminology and enhances regulatory reporting efficiency, adapting to digital banking needs.<\/li>\n\n\n\n<li>The Act boosts depositor protection by transferring unclaimed amounts to the Investor Education and Protection Fund (IEPF).<\/li>\n\n\n\n<li>Overall, the Banking Laws Amendment Act 2025 aligns banking practices with modern requirements, promoting financial stability and customer trust.<\/li>\n<\/ul>\n<\/div>\n\n\n\n<p>India\u2019s banking sector is one of the pillars of economic growth. Over the years, banking services have shifted from passbooks and physical forms to mobile apps, UPI, and digital accounts. With this change, banking laws also need to evolve. The <strong>Banking Laws (Amendment) Act, 2025<\/strong> is a major step taken by the Government of India to improve governance, strengthen depositor protection, and modernise banking rules for today\u2019s digital age.<\/p>\n\n\n\n<p>In this blog w have provided the details, covering all its features, reforms, and impact.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-banking-laws-amendment-act-2025\"><span class=\"ez-toc-section\" id=\"What_is_the_banking_laws_amendment_act_2025\"><\/span>What is the banking laws (amendment) act, 2025?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Banking Laws (Amendment) Act, 2025 is a new law passed to improve banking operations, transparency, governance, and customer safety. It updates old rules, simplifies procedures, and brings cooperative banks under stronger regulation. It also improves nomination rules, revises audit systems for PSBs, and updates reporting standards.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Feature<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td>Purpose<\/td><td>Modernise and strengthen banking laws<\/td><\/tr><tr><td>Passed By<\/td><td>Lok Sabha (Dec 2024) &amp; Rajya Sabha (Mar 2025)<\/td><\/tr><tr><td>Total Amendments<\/td><td>19 amendments<\/td><\/tr><tr><td>Laws Amended<\/td><td>RBI Act 1934, BR Act 1949, SBI Act 1955, Bank Nationalisation Acts 1970 &amp; 1980<\/td><\/tr><tr><td>Focus Areas<\/td><td>Nomination, audit, governance, reporting, investor protection<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/upcoming-government-exams\/?ref=contac-aib\" target=\"_blank\" rel=\"noreferrer noopener\">Check Upcoming Govt Exams<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-was-the-banking-laws-amendment-act-2025-needed\"><span class=\"ez-toc-section\" id=\"Why_was_the_banking_laws_amendment_act_2025_needed\"><\/span>Why was the banking laws (amendment) act, 2025 needed?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Act was required to match modern banking needs, digital operations, and customer expectations. As banking grew in size and technology, older laws became outdated. The Amendment helps reduce disputes, improve customer convenience, and bring uniformity in bank reporting.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>To make asset succession (after a person\u2019s death) simpler and faster<\/li>\n\n\n\n<li>To reduce confusion caused by old terms and outdated definitions<\/li>\n\n\n\n<li>To improve compliance through better reporting timelines<\/li>\n\n\n\n<li>To match today\u2019s digital banking systems and workloads<\/li>\n\n\n\n<li>To protect depositors by improving nomination rules<\/li>\n\n\n\n<li>To ensure cooperative banks follow strong governance norms<\/li>\n\n\n\n<li>To increase transparency and reduce manual paperwork<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-have-india-s-banking-laws-evolved-over-time\"><span class=\"ez-toc-section\" id=\"How_have_Indias_banking_laws_evolved_over_time\"><\/span>How have India\u2019s banking laws evolved over time?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>India\u2019s banking laws have been built over decades. Starting with the RBI Act in 1934, they expanded after independence to regulate banks, nationalise major institutions, and strengthen financial stability. Over time, reforms were added to improve governance, capital, liquidity, and cooperative bank monitoring.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Year \/ Act<\/td><td>Key Features<\/td><\/tr><tr><td><strong>RBI Act, 1934<\/strong><\/td><td>&#8211; Created the Reserve Bank of India<br>&#8211; Set rules for currency, credit, and monetary stability<\/td><\/tr><tr><td><strong>Banking Regulation (BR) Act, 1949<\/strong><\/td><td>&#8211; Regulated all banking activities<br>&#8211; Ensured uniform rules and stability<\/td><\/tr><tr><td><strong>SBI Act, 1955<\/strong><\/td><td>&#8211; Converted Imperial Bank of India into State Bank of India<br>&#8211; Expanded rural banking access<\/td><\/tr><tr><td><strong>Nationalisation Acts 1970 &amp; 1980<\/strong><\/td><td>&#8211; Nationalised major commercial banks<br>&#8211; Increased public welfare and financial inclusion<\/td><\/tr><tr><td><strong>Reforms in 1994, 2007, 2012<\/strong><\/td><td>&#8211; Improved capital flexibility, governance, and liquidity<\/td><\/tr><tr><td><strong>Banking Regulation Amendment, 2020<\/strong><\/td><td>&#8211; Gave RBI more powers over cooperative banks<\/td><\/tr><tr><td><strong>Banking Laws (Amendment) Act, 2025<\/strong><\/td><td>&#8211; Updated rules for governance, nomination, audit reforms, and modern reporting standards<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-major-reforms-under-the-banking-laws-amendment-act-2025\"><span class=\"ez-toc-section\" id=\"What_are_the_major_reforms_under_the_banking_laws_amendment_act_2025\"><\/span>What are the major reforms under the banking laws (amendment) act, 2025?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Act introduces reforms across nomination rules, governance standards, audit quality, reporting procedures, and investor protection. These reforms aim to make banking customer-friendly, transparent, and efficient.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Reform Category<\/td><td>Key Change<\/td><\/tr><tr><td>Nomination<\/td><td>Up to 4 nominees allowed; percentage-based or successive<\/td><\/tr><tr><td>Governance<\/td><td>Director tenure in cooperative banks increased to 10 years<\/td><\/tr><tr><td>Audit Quality<\/td><td>PSBs can decide auditor remuneration<\/td><\/tr><tr><td>Investor Protection<\/td><td>Unclaimed amounts to be transferred to IEPF<\/td><\/tr><tr><td>Reporting<\/td><td>Dates aligned with month-end or fortnight-end instead of old \u201cFriday-based\u201d rules<\/td><\/tr><tr><td>Substantial Interest<\/td><td>Threshold revised from \u20b95 lakh to \u20b92 crore<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/courses\/?ref=contac-aib\" target=\"_blank\" rel=\"noreferrer noopener\">Enroll in Online Live Classes Today!<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-modernised-nomination-rules-under-the-act\"><span class=\"ez-toc-section\" id=\"What_are_the_modernised_nomination_rules_under_the_act\"><\/span>What are the modernised nomination rules under the act?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Act makes nomination easier and more flexible. Depositors can now add up to four nominees and choose how the money should be shared. This reduces delays in claiming funds after the account holder\u2019s death.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-nomination-reforms-in-detail\"><strong>Nomination reforms in detail<\/strong><\/h3>\n\n\n\n<p><strong>Short explanation:<\/strong><br>Depositors can nominate up to four people and choose share percentages. Successive nomination allows a next nominee to take over if the first nominee dies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-detailed-points\"><strong>Detailed points<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Depositors can nominate <strong>up to 4 persons<\/strong><\/li>\n\n\n\n<li>Nomination can be of <strong>two types:<\/strong>\n<ol class=\"wp-block-list\">\n<li><strong>Simultaneous Nomination<\/strong>\n<ul class=\"wp-block-list\">\n<li>Each nominee gets a percentage share<\/li>\n\n\n\n<li>Total must be 100%<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Successive Nomination<\/strong>\n<ul class=\"wp-block-list\">\n<li>If the first nominee dies, the next nominee becomes eligible<\/li>\n\n\n\n<li>Best for lockers and safe custody items<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>Makes claim settlement easier and faster<\/li>\n\n\n\n<li>Reduces legal disputes for families<\/li>\n\n\n\n<li>More helpful for NRIs and senior citizens<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-pdf-viewer-block-standard\" style=\"text-align:center\"><div class=\"uploaded-pdf\"><a href=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/12\/India_s_New_Banking_Laws_A_Definitive_Step_Forward.pdf\" data-width=\"\" data-height=\"\"><\/a><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-new-definition-of-substantial-interest-under-the-act\"><span class=\"ez-toc-section\" id=\"What_is_the_new_definition_of_%E2%80%98substantial_interest_under_the_act\"><\/span>What is the new definition of \u2018substantial interest\u2019 under the act?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Act updates the old definition of \u201csubstantial interest\u201d to reflect today\u2019s financial realities. This helps improve transparency and prevents conflicts of interest in bank governance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-key-updates\"><strong>Key updates<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Earlier Threshold: <strong>\u20b95 lakh<\/strong> (set in 1968)<\/li>\n\n\n\n<li>New Threshold: <strong>\u20b92 crore<\/strong><\/li>\n\n\n\n<li>Applicable for:\n<ul class=\"wp-block-list\">\n<li>Directors<\/li>\n\n\n\n<li>Officers<\/li>\n\n\n\n<li>Their relatives<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-why-this-matters\"><strong>Why this matters<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Prevents misuse of influence<\/li>\n\n\n\n<li>Ensures fair decision-making<\/li>\n\n\n\n<li>Matches current banking scale and inflation<\/li>\n\n\n\n<li>Improves governance standards<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-has-governance-in-co-operative-banks-been-strengthened\"><span class=\"ez-toc-section\" id=\"How_has_governance_in_co-operative_banks_been_strengthened\"><\/span>How has governance in co-operative banks been strengthened?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Act improves governance in cooperative banks by extending director tenure and aligning rules with Constitutional requirements. This helps ensure better leadership and continuity.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Maximum director tenure increased from <strong>8 to 10 years<\/strong><\/li>\n\n\n\n<li>Chairperson and whole-time directors not included in this limit<\/li>\n\n\n\n<li>Aligns with <strong>97th Constitutional Amendment<\/strong>\n<ul class=\"wp-block-list\">\n<li>Promotes democratic functioning<\/li>\n\n\n\n<li>Improves accountability<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-audit-reforms-have-been-introduced-for-public-sector-banks\"><span class=\"ez-toc-section\" id=\"What_audit_reforms_have_been_introduced_for_public_sector_banks\"><\/span>What audit reforms have been introduced for public sector banks?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Public Sector Banks (PSBs) can now decide how much to pay auditors. This encourages high-quality professionals and ensures better audit standards.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>PSBs can fix statutory auditors\u2019 remuneration<\/li>\n\n\n\n<li>Helps attract more skilled auditors<\/li>\n\n\n\n<li>Improves financial transparency<\/li>\n\n\n\n<li>Higher quality audit = stronger banking supervision<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-does-the-act-improve-investor-and-depositor-protection\"><span class=\"ez-toc-section\" id=\"How_does_the_act_improve_investor_and_depositor_protection\"><\/span>How does the act improve investor and depositor protection?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Unclaimed amounts will now move to the Investor Education and Protection Fund (IEPF). This ensures transparency and helps depositors or their families recover their money easily.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Category<\/td><td>What Will Be Transferred to IEPF<\/td><\/tr><tr><td>Shares<\/td><td>Unclaimed shares<\/td><\/tr><tr><td>Interest<\/td><td>Unclaimed interest amounts<\/td><\/tr><tr><td>Bonds<\/td><td>Redemption amounts not claimed<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/previous-year-papers\/?ref=contac-ai\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt A free previous year paper <\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-changes-have-been-made-for-improving-operational-efficiency\"><span class=\"ez-toc-section\" id=\"What_changes_have_been_made_for_improving_operational_efficiency\"><\/span>What changes have been made for improving operational efficiency?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Act updates old definitions and shifts reporting dates to simpler time periods. This reduces confusion for banks and promotes automation.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Old rules referred to \u201clast Friday\u201d or \u201calternate Friday\u201d<\/li>\n\n\n\n<li>New rules use:\n<ul class=\"wp-block-list\">\n<li>Last day of the month<\/li>\n\n\n\n<li>Last day of the fortnight<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Reduces manual work<\/li>\n\n\n\n<li>Matches accounting cycles<\/li>\n\n\n\n<li>Makes regulatory reporting clearer and faster<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-impact-will-the-act-have-on-depositors-banks-and-the-financial-system\"><span class=\"ez-toc-section\" id=\"What_impact_will_the_act_have_on_depositors_banks_and_the_financial_system\"><\/span>What impact will the act have on depositors, banks, and the financial system?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Act has a positive impact on customers, banks, and the overall banking system. It enhances customer safety, governance, audit quality, and reporting efficiency.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Category<\/td><td>Impact \/ Key Benefits<\/td><\/tr><tr><td><strong>For Depositors<\/strong><\/td><td>&#8211; Easier nomination<br>&#8211; Faster claim settlement<br>&#8211; Reduced disputes<br>&#8211; Higher transparency<\/td><\/tr><tr><td><strong>For Banks<\/strong><\/td><td>&#8211; Stronger governance<br>&#8211; Better audit quality<br>&#8211; Modern reporting system<br>&#8211; Clearer compliance structure<\/td><\/tr><tr><td><strong>For the Financial System<\/strong><\/td><td>&#8211; Increased trust<br>&#8211; Higher operational efficiency<br>&#8211; Improved investor protection<br>&#8211; Safer and more transparent banking ecosystem<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-overall-significance-of-the-act-in-india-s-banking-journey\"><span class=\"ez-toc-section\" id=\"What_is_the_overall_significance_of_the_act_in_Indias_banking_journey\"><\/span>What is the overall significance of the act in India\u2019s banking journey?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Banking Laws (Amendment) Act, 2025 is an important milestone. It brings the banking sector closer to the needs of a modern, digital, fast-growing India. By balancing customer protection and strong governance, the Act supports sustainable financial development.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Helps India move towards modern banking<\/li>\n\n\n\n<li>Strengthens public confidence<\/li>\n\n\n\n<li>Promotes digital-friendly regulatory systems<\/li>\n\n\n\n<li>Ensures fair governance and accountability<\/li>\n\n\n\n<li>Supports financial inclusion goals<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1765359891988\"><strong class=\"schema-faq-question\"><strong>1. What is the Banking Laws (Amendment) Act, 2025?<\/strong><\/strong> <p class=\"schema-faq-answer\">It is a reform that updates India\u2019s banking laws to improve governance, transparency, depositor safety, and reporting standards.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1765359905403\"><strong class=\"schema-faq-question\"><strong>2. Why was the 2025 Banking Amendment introduced?<\/strong><\/strong> <p class=\"schema-faq-answer\">It was introduced to address modern banking challenges, digital growth, and the need for better governance and customer protection.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1765359906682\"><strong class=\"schema-faq-question\"><strong>3. Which laws were amended under this Act?<\/strong><\/strong> <p class=\"schema-faq-answer\">The Act amended the RBI Act 1934, BR Act 1949, SBI Act 1955, and the Banking Companies Acts of 1970 &amp; 1980.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1765359907306\"><strong class=\"schema-faq-question\">4. How does the Act help depositors?<\/strong> <p class=\"schema-faq-answer\">It simplifies nomination, ensures faster claim settlement, and reduces disputes.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1765359907922\"><strong class=\"schema-faq-question\">5. What is the revised threshold for \u2018substantial interest\u2019?<\/strong> <p class=\"schema-faq-answer\">The threshold has been increased from \u20b95 lakh to \u20b92 crore to match current economic conditions.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/how-to-prepare-current-affairs-for-rbi-grade-b\/\">How to Prepare Monthly Current Affairs for RBI Grade B?<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/monthly-current-affairs\/\">Monthly Current Affairs 2026 PDF For SSC, Banking, Railways<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/what-is-money-market\/\">Money Market Quiz, Get FREE PDF: Part 2<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/money-market-quiz\/\">Money Market Quiz, Get FREE PDF: Part 1<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/important-questions-on-banking-awareness\/\">Important Questions on Banking Awareness, FREE PDF &amp; Quiz<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/best-banking-insurance-awareness-mcqs\/\">Banking &amp; Insurance Awareness MCQs, 400+ Questions, FREE PDF<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>India\u2019s banking sector is one of the pillars of economic growth. Over the years, banking services have shifted from passbooks<\/p>\n","protected":false},"author":58,"featured_media":233528,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-233523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>All About Banking Laws (Amendment) Act, 2025<\/title>\n<meta name=\"description\" content=\"Banking Laws (Amendment) Act, 2025 introduces major reforms to improve depositor protection, and make India\u2019s banking sector more transparent\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"All About Banking Laws (Amendment) Act, 2025\" \/>\n<meta property=\"og:description\" content=\"Key Takeaways The Banking Laws Amendment Act 2025 modernizes India&#039;s banking laws to improve governance, transparency, and depositor safety. The Act\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Oliveboard\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Oliveboard\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-10T09:58:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-10T09:58:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2025\/12\/Banking-Laws-1.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"AditiOB\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:site\" content=\"@Oliveboard\" \/>\n<meta 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I work as a Content Writer at Oliveboard, where I have been simplifying exam-related content for the past 4 years. I create clear and easy-to-understand guides for JAIIB, CAIIB, and UGC exams. My work includes breaking down notifications, admit cards, and exam updates, as well as preparing study plans and subject-wise strategies. My goal is to support working professionals in managing their exam preparation alongside a full-time job and to help them achieve career growth.","sameAs":["www.linkedin.com\/in\/aditi-chakraborty-131b3b379"]},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#faq-question-1765359891988","position":1,"url":"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#faq-question-1765359891988","name":"1. What is the Banking Laws (Amendment) Act, 2025?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"It is a reform that updates India\u2019s banking laws to improve governance, transparency, depositor safety, and reporting standards.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#faq-question-1765359905403","position":2,"url":"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#faq-question-1765359905403","name":"2. Why was the 2025 Banking Amendment introduced?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"It was introduced to address modern banking challenges, digital growth, and the need for better governance and customer protection.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#faq-question-1765359906682","position":3,"url":"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#faq-question-1765359906682","name":"3. Which laws were amended under this Act?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The Act amended the RBI Act 1934, BR Act 1949, SBI Act 1955, and the Banking Companies Acts of 1970 &amp; 1980.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#faq-question-1765359907306","position":4,"url":"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#faq-question-1765359907306","name":"4. How does the Act help depositors?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"It simplifies nomination, ensures faster claim settlement, and reduces disputes.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#faq-question-1765359907922","position":5,"url":"https:\/\/www.oliveboard.in\/blog\/banking-law-amendment-act-2025\/#faq-question-1765359907922","name":"5. 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