Notification Details
The notification, officially recorded as S.O. 4789(E), was released by the Department of Financial Services under the Ministry of Finance. Joint Secretary Ashish Madhaorao More confirmed the decision in the official document.
- Date of Notification: October 22, 2025
- Date of Enforcement: November 1, 2025
- Applicable Sections: 10, 11, 12, and 13 of the Banking Laws (Amendment) Act, 2025
Implications for the Banking Sector
The activation of these sections is expected to have significant implications for the banking sector in India. These amendments may address regulatory reforms, enhance banking governance, and strengthen financial compliance mechanisms. Banks and financial institutions are advised to prepare for the upcoming changes to ensure seamless compliance.
Government’s Objective
Through this timely enforcement, the Central Government aims to modernize banking regulations, ensure transparency in banking operations, and protect the interests of both financial institutions and consumers.