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The government will enforce some provisions of the Banking Laws (Amendment) Act 2025, passed by Parliament in March, on Friday, the finance ministry said in a notification. Amongst the provisions, the amendment to increase the limit of substantial interest of bank's directors to INR 20 million from INR 500,000 will be effective Friday. Substantial interest in an organisation pertains to the holding of interest by an individual or spouse or a minor child, whether singly or taken together in the shares.
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