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Searched Tag: banking rules
The Banking Laws (Amendment) Act, 2025, also provides for rationalisation of the tenure of directors, other than the Chairman and whole-time directors, in co-operative banks

New bank norms: Up to 4 nominees allowed per account holder

October 23, 2025, 06:05 PM - 4 min read

The finance ministry said the key provisions relating to nomination under the Banking Laws (Amendment) Act, 2025, will come into effect from November 1, 2025

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Understanding the nomination rule in Banking Laws (Amendment) Bill, 2024

Nominating convenience

July 25, 2025, 03:42 PM - 4 min read

The Banking Laws (Amendment) Bill, 2024, has been seen as a radical move by the government to provide greater flexibility in managing assets by allowing up to four individuals to be named as nominees by bank account holders

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