This is your perfect first step to a career in the Banking and Finance sector, which has become a major area of specialization in the corporate world.
Enroll in this Program and learn to:
• Understand the fundamentals of the theory and practice of banking and finance laws, while studying the legal and regulatory framework governing this industry;
• Discern the fundamental aspects of retail banking and corporate finance; and
• Understand the banking industry and the Banking Regulation Act, the role of the Reserve Bank of India (“RBI”), and the basic laws relating to banking operations, negotiable instruments and charging security.
Are you a:
• Law student eager to build a career in corporate law firms or in the banking and finance industry;
• Practicing lawyer intent on gaining the basic knowledge and skills required for the niche area of Banking and Finance Law; or
• Management and Finance student or professional keen to get a thorough introduction to the fundamental laws and regulations applicable to the Banking and Finance industry?
We recommend that you enroll in this Program now. We also recommend that you enroll in the Advanced Banking and Finance Laws Program as well, to get a deeper and more complete understanding of the nuances of the practice of Banking and Finance laws.
Did You Know?
• That the basis for modern banking developed primarily with the bringing of gold from America to Britain?
• That your bank owes you a duty of confidentiality? A bank cannot divulge your account information while it has a relationship with you, and even after you cease to be its customer.
• That the Reserve Bank of India uses the bank rate to control the amount of credit available in the market, lowering it and raising it to control credit flow?
• That you can create an equitable mortgage on land simply by depositing the title deeds with the bank? This is called a mortgage by deposit of title deeds.
Unit 1: Introduction
• Explore the history and evolution of modern banking around the world.
• Understand what it means to be a commercial bank in today’s world.
• Learn about the key milestones in the evolution of banking institutions in India.
Unit 2: Understanding the Relationship between Banker and Customer
• Identify who is a ‘customer’ of a bank.
• Study the basic principles defining the banker-customer relationship.
• Understand the rights, duties, and obligations of the bank in a banker-customer relationship.
Unit 3: Understanding the Banking (Regulation) Act, 1949
• Learn about the Banking Regulation Act, 1949 that serves as the primary source of regulation for banking companies.
• Study the structure of this Act and examine the key provisions applicable to banking companies and cooperative banks.
Unit 4: Understanding the Role of the Reserve Bank of India (“RBI”)
• Study the main functions of the RBI and its organizational structure.
• Analyze the powers accorded to the RBI to govern commercial banks.
Unit 5: Understanding Loans and Advances by Banks
• Learn more about the principal way in which banks employ the funds deposited with them—lending.
• Study the concepts of ‘loans’ and ‘advances’ and distinguish between the two.
• Understand the statutory and regulatory restrictions in place relating to loans and advances extended by banks.
Unit 6: Payment of Principal and Interest
• Study the regulatory framework governing the payment of principal and interest by debtors to banks.
• Distinguish and analyze the different kinds of interest charged by banks in lending transactions.
Unit 7: Securing Loans and Advances
• Understand the concept of ‘security’ for loans and advances and its implications.
• Study the various kinds of assets that typically form security for loans.
• Learn about the other forms of comfort that a bank may take to secure the loan.
Unit 8: Banking Operations
• Learn about some more regulatory aspects of banking operations.
• Understand the law relating to the setting up of an account with a bank.
• Study the law relating to cheques and other negotiable instruments.
• Analyze the manner in which the RBI regulates payment and settlement systems.