Banking Laws (Amendment) Act, 2025

This article analyses the recently enacted Banking Laws (Amendment) Act, 2025 which introduces changes such as enhanced depositor-protection, nomination norms, and expanded regulatory powers for banks. The piece explains the legislative context: responding to evolving risks in digital banking, fintech competition and customer-protection demands. It outlines key provisions: e.g., minimum guarantee for depositors, streamlined resolution for bank failures, and updated governance norms. The article highlights implications for banks, financial institutions, depositors and regulatory compliance, noting the need for internal policy readiness by November 2025.