Banking Law and Practice in India

M L Tannan’s Banking Law and Practice in India serves as an indispensable reference for navigating this complex field. The new edition retains the clarity and thoroughness that have made it a foundational text, while incorporating updated coverage of regulatory frameworks, relevant case law and contemporary developments. It not only explores banking regulation in detail but also delves into newer topics such as corporate governance, digital banking, bank-customer relations, recovery processes, prudential norms, audits, and inspections, offering a comprehensive view of the modern banking landscape. It discusses developments in the area of audits undertaken in banks and covers various forms of specialised banks including payment banks and small finance banks.

Key Features:

• Covers major aspects and recent case law pertaining to SARFAESI Act, 2002, Recovery of Debts and Bankruptcy Act, 1993, Insolvency and Bankruptcy Code, 2016, Indian Stamp Act, 1899, Consumer Protection Act, 2019 etc.
• Includes RBI circular(s) on corporate governance in banks, such as ‘fit and proper’ criteria for directors, composition of board and committees, etc
• Incorporates the relevant portions of the amendments arising out of enactment of the new criminal legislations viz. Bharatiya Nyaya Sanhita, 2023, Bharatiya Nagarik Suraksha Sanhita, 2023, and Bharatiya Sakshya Adhiniyam, 2023
• Elaborates certain other contemporary topics, particularly relevant in the banking field, e.g. co-lending norms, electronic fraud, norms for wilful defaulters and fraudulent borrowers, Integrated Ombudsman Scheme of 2021, Large Exposure Framework etc.
• Discusses broad concepts and developments in payment and settlement systems, including Central Bank Digital Currency, and elaborates on the impact of financial technology (fin-tech) on banking
• Covers Basel norms, including liquidity standards, the Banking Laws (Amendment) Bill, 2024, and the recommendations and impact of various committees on shaping banking law in India