Current Affairs · Banking Regulations
The Banking Laws (Amendment) Act, 2025 implements targeted changes across multiple statutes to strengthen governance and align practices with contemporary realities. Which of the following statements about the Act is/are correct? 1. The threshold for 'substantial interest' has been raised from ₹5 lakh to ₹2 crore. 2. The maximum tenure of cooperative bank directors (excluding Chairperson/WTDs) has been increased from 8 to 10 years, aligning with the 97th Constitutional Amendment. 3. Public Sector Banks (PSBs) can transfer unclaimed shares/interest/bond redemption amounts to the Investor Education and Protection Fund (IEPF).
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