Legal and Regulatory Aspects of Banking published by Macmillan Publishers India is for candidates of finance and banking exams such as JAIIB.

Synopsis

Junior Associate of Indian Institute of Bankers is an entry-level examination for those wishing to make their mark in the banking and financial sector. This book contains a foreword on legal framework overview with detailed exposition on laws that govern banking sector.

It contains 4 modules comprising multiple chapters. First module deals with legal frameworks related to the banks with business organisation, control, and regulations. It also touches upon public sector and cooperative banking with associated regulations and laws. Second module discusses legalities involved with Banking Operations, Indemnities, Bank Guarantees, Security Types and Credit Letters.

Other topics involve Guarantee of Deferred Payment, Unsecured, Secured Loans, Credit Facility Types, and Bill Finance Laws. Third segment concentrates upon specific laws of banking as the 2002 SARFAESI ACT, the 2006 Ombudsman Banking Scheme. It also discusses Central Registry, Penalties, Offences, and Miscellaneous Provisions. The focus of the last module is on Commercial Laws and associated topics.