Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
← back
Informative
Key amendments to banking laws come into force from August 1, 2025
Update / Judgement Date
30 Jul 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
BankingCorporate Law & Governance
The Banking Laws (Amendment) Act, 2025, has its "key provisions set to take effect from August 1." This significant legislative update aims to enhance governance, safeguard depositors, improve audit quality in public sector banks (PSBs), and increase director tenures in cooperative banks. It introduces changes such as redefining 'substantial interest' and allowing PSBs to transfer unclaimed amounts to the Investor Education and Protection Fund (IEPF). This comprehensive amendment seeks to strengthen the regulatory framework and operational efficiency of the Indian banking sector.
