The Ministry of Finance (MoF) on December 10, 2025, notified the Banking Regulation (Companies) Amendment Rules, 2025, further to amend the Banking Regulation (Companies) Rules, 1949.
The following has been stated: -
•In rule 2, in sub-rule (1), in clause (f), sub-clause (iv) shall be omitted.
•In rule 2A, the words “subsidiary bank” and “a subsidiary bank” shall be omitted.
•Rule 15B shall be omitted.
They shall come into force on December 15, 2025.
The detailed notification is given in the document below.
[Notification No.: G.S.R. 890(E)]