About the book
This book is a comprehensive reference work discussing the operational and regulatory aspects of banking laws. The commentary in volumes 1 & 2 is arranged thematically explaining key concepts and areas such as Financial Institutions in India, Global Banking Institutions, Dishonor of Cheques, Loans and Advances, and Recovery of Debts. It provides an in-depth analysis on various aspects relating to functioning of banks. Reference to relevant RBI master circulars and allied legislation has been included to provide a holistic view. Volume 3 of the book includes all the relevant statutes and regulations with section-wise comments on the critical enactments such as Banking Regulation Act, Negotiable Instruments Act, and State Financial Corporation Act. Salient Features:- Comprehensive commentary of banking laws and practices in India Examines the provisions of key legislations governing the banking sector including: Banking Regulation Act Negotiable Instruments Recovery of Debts Due to Banks and Financial Institutions Act, 1993 Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Developments covered in the new edition: Impact of the RERA, 2016. Effect of the Benami Transactions (Prohibition) Act, 2016. Demonitisation and the landmark cases pertaining to it. Digitisation in the banking industry including e signatures, e-KYC, payment banks, pre-paid payment instrument norms and rise of cyber fraud and crime. Nationalisation of Banks with respect to the awaited merger of SBI and its subsidiaries. Latest schemes in social banking pertaining to affordable housing.