Legal and Regulatory Aspects of Banking

JAIIB stands for the Junior Associate of Indian Institute of Bankers and it is in essence an entry-level test for the aspirants of the Indian Institute of Banking and Finance. It is recognized by public, private, rural and multi national consulting agencies in the banking sector as a validation of the candidates capabilities in this field.For JAIIB Legal & Regulatory Aspects Of Banking brings to the readers an all inclusive view into all the nuances associated with the banking and finance terminologies. After a foreword on the overview of the legal framework, it moves into the detailed exposition of all the laws governing the banking sector. The book contains four modules that are broken down into multiple chapters that cover the entire purview of laws and regulations in the industry.The first module looks into the legal framework of banks and the regulation, control and organization of business in the same industry. It also mediates into the content of cooperative banking and public sector banking with their share of laws and regulations. The second module then discusses the legalities involved in banking operations that involve Bank Guarantees, Indemnities, Letters of Credit and the Various types of Securities. In addition to the aforementioned topics, Deferred Payment Guarantee, Secured and Unsecured loans, Types of Credit facilities, and Laws involved in Bill Finance are dealt with in its entirety.