Current Affairs · Banking Sector Reforms
Consider the following statements regarding the Banking Laws (Amendment) Act, 2025: 1. The Act increases the maximum tenure of directors in cooperative banks (excluding the chairperson and whole-time directors) from 8 years to 10 years. 2. It revises the threshold for determining 'substantial interest' in a company from ₹5 lakh to ₹2 crore. 3. The provisions of this amendment act were notified to come into effect in stages during 2025. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 3 only
- 22 and 3 only
- 31, 2 and 3✓
- 41 and 2 only
Correct answer
1, 2 and 3
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