Law is dynamic in nature thus it is in accordance with this dynamic nature it is imperative for the law to adopt the subsequent changes over years. As far as Banking law is concerned, from banking regulations act, 1949 to 2018 many amendments took place showing its dynamic nature. To bring up a broad concept, banking law in India is based upon 2 major acts (legislation) in India; first being banking regulations act, 1949 and secondly reserve bank of India act, 1934, these 2 acts are the building blocks of any banking law in India. Since the legal framework of the banking business and financial services are administered primarily by the Banking Regulation Act, 1949. The Reserve Bank of India Act, 1934 (RBI Act) authorizes (RBI) to issue rules and regulations, along with some directions and guidelines on a wide range of issues. RBI is the central banking institution of India, controlling all the monetary policies of India. It makes sure that India is not out of shares even during the economic crises. We at Bhandari Law Firm have a team that has vast experience in the areas of banking and finance. Best lawyers for banking matters in Chandigarh Mohali and Panchkula are skilled in dealing with vital aspects of banking and finance such as debt restructuring, project finance, customer related issues, etc.
Lawyers for banking matters understand the legal aspects that are relevant to the customers:
• Cheques
• Indemnities
• Guarantees
• Deposit Accounts
• Handling customer complaints.
The Bhandari Law Firm and our expert lawyers in Banking and Finance sector do understand what the client wants to achieve and provides focused and beneficial practical approach.