Enforcement of Key Nomination-Related Provisions Under Banking Laws (Amendment) Act, 2025 Notified Effective November 1: Centre

The Central Government, through the Ministry of Finance, has issued a notification stating that key provisions of the Banking Laws (Amendment) Act, 2025 [2025 Amending Act] relating to nomination will come into effect on November 1, 2025. The 2025 Amending Act, first notified on April 15, 2025, brought significant amendments to the Reserve Bank of India Act, 1934; Banking Regulation Act, 1949; State Bank of India Act, 1955; and Banking…