FinancialReforms

New Banking Laws 2025: What You MUST Know About Your Money

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India’s New Banking Act: Higher Capital, Longer Co-op Tenures, IEPF for Unclaimed Funds

The Banking Laws (Amendment) Act, 2025, which became law on April 15, 2025, is rolling out key changes starting August 1, 2025. These updates aim to strengthen our financial system, improve how banks are run, and better protect your money. What’s Changing and What It Means for You The upcoming changes impact capital requirements, bank … Read more

FM Pushes for Faster Refunds, Easier KYC at FSDC Meet

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FM Pushes for Faster Refunds, Easier KYC at FSDC Meet

Finance Minister Nirmala Sitharaman recently chaired the 29th Financial Stability and Development Council (FSDC) meeting, pushing for significant reforms to benefit citizens and strengthen India’s financial sector. Swift Refunds and Streamlined KYC for Citizens A key focus of the meeting was ensuring that unclaimed financial assets, like dormant bank deposits and forgotten insurance or pension … Read more