Nayaypath Associates LLP standout with its thorough knowledge, experience, and diligent dealings in the legal arena. Whether there is a need for legal advice in banking and finance matters or complete legal assistance for banking issues, our banking and finance lawyers in Chandigarh can come up with the most viable recourse.
As far as Banking law is concerned, from the Banking Regulations Act, 1949 till now 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 the 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. Then 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. Predominantly, 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 crisis.
We at Nayaypath Associates LLP have a team that has vast experience in the areas of banking and finance. Our veteran lawyers for banking matters in Chandigarh are skilled in dealing with vital aspects of banking and finance such as debt restructuring, project finance, customer-related issues, etc.