Ministry of Finance Department of Financial Services

The Banking Laws Amendment Act 2025

Issue Date: 29 July 2025 Published: 29 July 2025

Gazette ID: CG-DL-E-29072025-265059 Download PDF

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Core Purpose

The Central Government appoints August 1, 2025, as the effective date for sections 3, 4, 5, 15, 16, 17, 18, 19, and 20 of the Banking Laws (Amendment) Act, 2025, to come into force.

Detailed Summary

This notification, S.O. 3494(E), issued by the Ministry of Finance (Department of Financial Services) on July 29, 2025, announces the Central Government's appointment of August 1, 2025, as the date on which specific provisions of the Banking Laws (Amendment) Act, 2025 (16 of 2025), shall come into force. This action is taken in exercise of the powers conferred by sub-section (2) of section 1 of the said Act. The provisions specified to come into force on this date are sections 3, 4, 5, 15, 16, 17, 18, 19, and 20. The notification is signed by Ashish Madhaorao More, Joint Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-29072025-265059 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 3411] NEW DELHI, TUESDAY, JULY 29, 2025/SHRAVANA 7, 1947 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 29th July, 2025 S.O. 3494(E).— In exercise of the powers conferred by sub-section (2) of section 1 of the Banking Laws (Amendment) Act, 2025 (16 of 2025), the Central Government hereby appoints the 1st day of August, 2025 as the date on which the provisions of sections 3,4,5,15,16,17,18,19 and 20 of the said Act shall come into force. [F. No. 7/19/2023-BOA-I] ASHISH MADHAORAO MORE, Jt. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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