Banking Law

Banking Law

Degrees offered: Diploma, M.Phil., P.G.D, Ph.D

What is Banking Law

Banking law consists of those laws which are laid down for how the banks work/should work. A course in Banking Law is conceived to make the students aware of the norms and rules of the bank. They can differentiate between the working of private, public and corporate brands.

The students will become familiar with the laws that overlap with the legal and regulatory laws which apply to the banks and the companies which are held by the bank. They learn about how the banks work and manage risks. Banking law also includes the stock market and economy-related regulations under its ambit.

The students can pursue Banking law specialization at the Undergraduate and the Postgraduate level.

Eligibility Criteria (UG & PG) of Banking Law

The eligibility criteria for Banking law may vary from college to college, but the most required and common ones are –

For Undergraduate Course –

Passed their 12th or any other equivalent exam with the minimum marks requirement, i.e. 45% - 55% aggregate marks.

For Postgraduate Course –

Passed their LLB or any other equivalent degree from a recognized university. 

Banking Law Entrance Exam

The following exams have to be given by the students –


CLAT – Common Law Admission Test

This exam gives admission to colleges of NLUs and others all over India. The courses are UG and PG courses. The eligibility criteria for this exam is 45% aggregate marks in 10+2 exams. The exam is conducted offline and is 2 hours long.

2)  UPES Law School Admission Test

UPES Law School Admission Test – University of Petroleum and Energy Studies Law School Admission Test

The exam is conducted online for 3 hours. It is a university-level exam. The questions are on topics like language comprehension, quantitative and numerical ability, logical reasoning, general legal knowledge and legal aptitude. This course gives admission to UG courses.

3)  MH CET Law

MH CET Law – Maharashtra Common Entrance Test for Law

It is a state-level exam. The students should have passed 10+2 with 45% aggregate marks. It is an offline exam for 2 hours. It gives admission to UG courses.

4)  LAT

LAT – Law Admission Test

Conducted by Allahabad University, so it is a state-level exam. It gives admission to UG courses. The exam is conducted via offline mode for 2 hours. The students should have 45% aggregate marks in 10+2.

5)  DU LLB Entrance Exam

DU LLB – Delhi University LLB Entrance Exam

The exam is conducted offline for 2 hours. The exam gives students admission into 6 colleges in Delhi. The students should have scored at least 50% marks for their bachelor degree. The paper would contain 100 objective type questions. The course gives admission to PG courses. 

Scope of Banking Law in India and Abroad

The Indian Banking Sector is growing rapidly and is one of the strongest and regulated economies in the world. Banking law opens vast opportunities for the people.

When demonetization was executed in India, it led to a big crunch in liquidity (money readily available to use).

But this will result in huge demand for services of lawyers as now every transaction that will take place will require the guidance and supervision of the senior lawyers. 

Course Subjects

The subjects taught in colleges are given below –

For UG Course –

1)      Legal Method and Legal Reasoning

2)      Fundamentals of Moot Court

3)      Business Organization

4)      Legal Language and Legal Writing

5)      Torts and Consumer Protection Act

6)      Quantitative Techniques for Decision Making

7)      Trial Advocacy

8)      Civil Procedure Code and the Law of Limitation

9)      Human Rights and International Law

10)  Law of Corporate Finance

11)  Intellectual Property Right

12)  Law of General Insurance

13)  Drafting Conveyance

14)  Bankruptcy and Insolvency

15)  Arbitration, Conciliation and ADR Mechanisms

For PG Course -  

1)      Introduction to Law and Legal Systems

2)      Commercial Contracts, Drafting and Negotiation

3)      Business Structuring, Accountancy and Law Taxation

4)      Corporate Governance and CSR

5)      Business Centric Dispute Resolution

6)      Banking Law

7)      Insurance Law

8)      Regulation of Technology-based Payment Method

9)      Corporate Finance, Investment Laws and Compliances

10)   Legal Risk Management, Sectoral Regulatory 

Careers in Banking Law

The students after doing their UG course can go for a PG course in the same field or can go searching for jobs. The most common job profile where they would like to go is the banking lawyer.

A banking lawyer provides all the legal services to the companies under the financial services industry.

For transactions to take place, they take the place of lenders, agents, participants and borrowers.

Apart from being a banking lawyer, the students can also look for other law job profiles like a legal analyst, tax consultant and compliance officer.

Job Profiles and Top Recruiters

Banking Law Job Profiles

A lot of job profiles await for the graduates. Some of them are –

Job Profile

Job Description

Compliance Officer

They help to manage the risks and avoid court problems by doing proper paperwork and according to the state and federal laws.

They also develop company policies, track the compliance and perform audits too.

They have to keep a check on the new regulations and rules that come up in the laws to help the business be up-to-date.

Legal Analyst

They conduct legal research and gather legal information regarding the laws. They pay attention to the contracts, leases, licenses, policies and other documents like assembling the documents and proofread.

They record the daily documents in electronic devices and also physically file them.

Tax Consultant

They have to prepare tax payments. They have to track the tax returns. Keep the quarterly and yearly tax reports up-to-date. Keep on updating the taxes paid by the company.

They have to prepare the papers required during the tax payments and return. Pull up strategies of saving tax and how to increase these profits.


Banking Law Top Recruiters

The companies who hire these graduates are –

1)      Growth Solutions PVT. Ltd

2)      Sun Pharmaceutical Industries Ltd.

3)      ABC Advocates

4)      Arin Consultancy Private Limited

5)      Symphony Tech Solutions and amp.

6)      Morpheus Human Consulting

7)      Royal Realtors Group of Companies

8)      RJ Group of Companies

9)      Lupin Pharmaceuticals

10)  Reliance Big Entertainment PVT. Ltd 

Required Skillset for Banking Law

For the aspirants who want to pursue banking law as a career should have profound knowledge about the laws and should have fluency in oral and written communication.

Some of the key skills which can help these aspirants in Banking law are written below 

1)  Clarity of Speech –

The lawyers should speak clearly whatever they want to say, their clients and the opposite parties should clearly understand their speech and what they want to say.

2)  Good Convincing Power –

The lawyers should be able to convince the judges or the other parties that their client is innocent or whatever step they are taking is right.

3) Ability to work in a team –

They should be comfortable when they are asked to work in teams. They should be able to interact with everyone and make others feel at ease so that everyone opens up and puts forth their points and views.

4) Good presentation skills –

Presenting yourself formally and confidently may sometimes break the confidence of the opposite parties. Make sure you present your client's case very well, which will help you win. 

Course Curriculum for Banking Law

The students in Banking law  are taught which the banking and financial services industry is under the laws of India. Bankruptcy and its related laws from the point of view of creditors and how to deal with them.

Survey of state law collection remedies and non-bankruptcy composition and liquidation schemes are seen along with the rights, obligations and procedures for bankruptcy law.

There are Banking law  internships offered to the students which give them real-life experience in the field of financial services law. They work under the supervision of the professional. 

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