Current Affairs · Banking & Acts
What is the key change introduced by the Banking Laws (Amendment) Act, 2025 regarding cooperative bank governance in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Cap on cooperative bank shareholding at ₹1 crore
- 2Abolition of chairperson roles in cooperative banks
- 3Alignment of cooperative bank director tenure with the 97th Constitutional Amendment✓
- 4Discontinuation of director tenures exceeding 5 years
Correct answer
Alignment of cooperative bank director tenure with the 97th Constitutional Amendment
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