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Banking Law

Statutes and legal frameworks governing Indian banking.

Articles

The Legal Backbone of Indian Banking: Key Statutes to Know

Several statutes underpin everyday banking activity in India, often invisibly. Here is a short orientation to the most commonly referenced ones.

24 Jun 2026 · 2 min read

Frequently Asked Questions

Cheque dishonour due to insufficient funds can attract criminal liability for the drawer under Section 138 of the Negotiable Instruments Act, in addition to any civil recovery action, provided the statutory notice and complaint procedure is followed.
Yes — under powers granted by the Banking Regulation Act, RBI can, in specified circumstances, supersede a bank's board of directors and appoint an administrator to protect depositor interests.