Introduction In banking, the duties of paying and collecting banker are fundamental functions in the relationship between a banker and their customer. These obligations are […]
Category: LLB 5th Sem Law of Banking & Negotiation Instruments [Long Answers]
15. Jurisdiction and powers of Debt Recovery Tribunal
Introduction The Debt Recovery Tribunal (DRT) was established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (commonly called the DRT […]
14. Discuss the main types of Letters of credit in international-trade.
Introduction In international trade, a Letter of Credit (LC) is a vital financial instrument used to mitigate risks associated with cross-border transactions. It acts as […]
13. What is Banker’s lien? What are the precautions a bank should take while giving loans and advances ?
Banker’s Lien: Definition and Explanation A Banker’s Lien is a legal right available to a banker to retain possession of a customer’s property, securities, or […]
12. What is the impact of Information Technology on Banking.
Introduction In the modern financial ecosystem, Information Technology (IT) has revolutionized banking operations across the globe. The integration of IT in the banking sector has […]
11. What are the different kinds of Banking ?
Different Kinds of Banking: A Detailed Overview Banking has evolved over centuries, transforming from simple deposit and lending institutions into a complex ecosystem offering diverse […]
10. What is the importance of Banking Business and in modern times
Introduction: Significance of Banking in Modern Economy In today’s interconnected and globalized world, banking is no longer confined to the mere acceptance of deposits and […]
9. What is a letter of Credit ? Discuss the merits and demerits of letters of credit.
Introduction to Letter of Credit A Letter of Credit (LC) is a document issued by a bank, guaranteeing that a buyer’s payment to a seller […]
8. What are the legal presumptions of a Negotiable instrument?
The Negotiable Instruments Act, 1881 is the key legislation governing the usage of negotiable instruments like promissory notes, bills of exchange, and cheques in India. […]
7. Explain the relationship between Banker and Customer in the changing scenario in India.
Introduction The relationship between a banker and a customer has evolved significantly in India due to rapid technological changes, regulatory reforms, globalization, and increasing customer […]