The relationship between a banker and a customer is primarily fiduciary and confidential. One of the essential duties of a banker is to maintain the […]
Category: LLB 5th Sem Law of Banking & Negotiation Instruments [Long Answers]
5. Explain the importance of banking business in the development of a country.
Introduction Banking is the backbone of any country’s economic and financial system. A well-regulated banking system is crucial for capital formation, credit mobilization, poverty reduction, […]
4. What is a Bank guarantee? How is it different from a letter of credit ?
The world of finance and trade is built upon trust, and two of the most crucial instruments that help foster this trust between parties are […]
2. Explain the general relationship between banker and customer with special reference to debtor and creditor relationship.
Introduction The relationship between a banker and a customer is foundational to the banking sector and is primarily governed by common law principles, banking customs, […]
1. Discuss the salient features of the Banking Regulation Act 1949.
Introduction to the Banking Regulation Act, 1949 The Banking Regulation Act, 1949 is the primary legislation governing banking companies in India. Initially titled the Banking […]