National News Updates Banking and Financial Sector Developments New Banking Laws Amendment Act 2025 Implementation: Major banking reforms came into effect from August 1, 2025, introducing 19 amendments across five key legislations including RBI Act 1934, Banking Regulation Act 1949, and others to strengthen governance and protect depositors RBI Monetary Policy Committee Meeting Results: The…
Which Act’s key provisions came into effect on August 1, 2025, introducing 19 amendments across major banking laws? A) Banking Regulation Act 1955 B) Banking Laws (Amendment) Act 2025 C) Reserve Bank of India Act 1934 D) Public Sector Banks Reforms Act 2025 Answer: B The threshold for “substantial interest” in cooperative banks was raised…
National News Highlights Defence and Security Updates DRDO Successfully Tests Pralay Missile Defence Research and Development Organisation conducted two consecutive successful flight tests of Pralay missile on July 28-29, 2025 Tests conducted from Dr APJ Abdul Kalam Island off Odisha coast as part of user evaluation trials Pralay is an indigenously developed solid propellant quasi-ballistic…
