Regarding procedural and governance changes in the Banking Laws (Amendment) Act, 2025, consider the following statements: 1. The threshold for determining substantial interest' was revised from lakh (unchanged since 1968) to 2 crore. 2. Director tenure in cooperative banks has been increased to align with the 97th Constitutional Amendment Act, 2011. 3. The Act applies only to the Banking Regulation Act, 1949 and excludes amendments to RBI Act, 1934.