Banking Laws Act 2025: Core Purpose
The primary objective of the Banking Laws (Amendment) Act, 2025 was to bolster the security and reliability of the financial system. Specifically, the Act aimed to:
- Implement measures for enhanced protection targeting both bank depositors and other financial investors.
- Strengthen the regulatory framework to safeguard the funds entrusted to banking institutions.
This focus ensures greater confidence in the banking sector by prioritizing the safety of customer funds and investments.
Important Questions from Banking
The base financial year for the calculation of the all India Index of Industrial Production (IIP) is:
Which two entities collaborated to launch the FIRST EA₹N Credit Card?
Consider the following statements:
1. Union Bank of India has become the first Indian bank to integrate Clari5's National Cybercrime Reporting Portal.
2. This integration aims to improve fraud prevention and complaint management.
3. The system was developed solely by the Reserve Bank of India.
Mark the correct statement from the above using the codes given below:
Consider the following statements:
1. Union Bank of India has become the first Indian bank to integrate Clari5's National Cybercrime Reporting Portal.
2. This integration aims to improve fraud prevention and complaint management.
3. The system was developed solely by the Reserve Bank of India.
Mark the correct statement from the above using the codes given below:
What is the primary objective of the renewed partnership between SBI Payments and Pine Labs?
