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Question
Current Affairs
When did the Banking Laws (Amendment) Act, 2025 officially come into effect?
Official answer & explanation
A
1 July 2025
B
15 August 2025
C
31 July 2025
D
1 August 2025
Why this is correct
The Banking Laws (Amendment) Act, 2025 was notified in the Official Gazette in July and came into force on 1 August 2025, bringing several banking law reforms into effect.
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