Question
With reference to the Banking Laws (Amendment) Act, 2025, consider the following statements: 1. The Act redefines the threshold for ‘substantial interest’ in banks from ₹5 lakh to ₹2 crore. 2. In cooperative banks, the maximum tenure for directors (other than chairperson and whole-time directors) has been raised from 8 years to 10 years, in line with the 97th Constitutional Amendment. 3. Public Sector Banks (PSBs) are now allowed to transfer unclaimed shares and interest to the Investor Education and Protection Fund (IEP
- F , aligning with Companies Act provisions. Which of the above statements is/are correct?
More MCQs for RBI Grade B Questions
- Consider the following statements regarding recent RBI reforms on Foreign Portfolio Investors (FPIs) in corporate debt securities: 1. The Reserve Bank of ...
- What was the significant achievement of Agnikul's Agnibaan launch vehicle?
- Who was appointed as the CEO of NPCIBHIM Services Ltd in August 2024?
- Who recently assumed the presidency of the Financial Action Task Force (FATF) for a two-year term from July 2024 to June 2026?
- Which two sectors were the focus of the initial SEBI stress tests before expanding industrywide?
- Which ministry is responsible for the implementation of PMGSY?
- What initiative was launched by the Ministry of Education to ensure tobacco-free educational institutions?
- With reference to the Jan Vishwas Bill recently passed by Chhattisgarh, consider the following statements: 1. Chhattisgarh is the first state in India to ...
- Which bank has joined forces with the NIIT Institute of Finance, Banking and Insurance (NIIT IFBI) to initiate the “ACE Banker Program”?
- After the announcement of Bharat Ratna to former Prime Minister Chaudhary Charan Singh, which political party decided to join the ruling NDA alliance?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)