CONTEMPORARY ISSUES IN BANKING AND FINANCIAL LAWS IN INDIA

AUTHOR – SOYAB KHAN, IIMT COLLEGE OF LAW, GREATER NOIDA

Best Citation – SOYAB KHAN, CONTEMPORARY ISSUES IN BANKING AND FINANCIAL LAWS IN INDIA, ILE JOURNAL OF BANKING AND INSURANCE LAW REVIEW (ILE JBILR), 1 (1) of 2023, Pg. 1-4, APIS – 3920 – 0052 | ISBN – 978-81-964391-3-2.

Abstract

The financial and banking sector played a vital in fostering the economy of any nation. Thus Banking laws have been drafted in such order to boost the economy of the country. This paper gave an insight to understand the overall banking and financial system and the laws that governs the banking transactions in India. This paper also highlights the contemporary issues in banking system as well as provides some collective measures to overcome these issues for a better enforcement of banking inclusivity.

Keywords: NPA, Reserve Bank of India, Bank frauds, FEMA, NIA Act, Scams