CLP’s Banking Laws by R. N. Chaudhary – 5th Edition 2022.

The Complete Guide to RBI Rules, Negotiable Instruments & Loan Recovery.

Banking law is a dynamic subject that combines traditional contract law with strict regulatory statutes. R.N. Chaudhary’s textbook is favored because it balances the theoretical “Banker-Customer Relationship” with the practical “Recovery Laws” (like SARFAESI and IBC) that every lawyer needs to know.

Why is the 2022 Edition Important? The banking sector has seen massive reforms recently, especially regarding Non-Performing Assets (NPAs) and Digital Banking. This 5th Edition incorporates the recent amendments to the SARFAESI Act, the Recovery of Debts and Bankruptcy Act, and the RBI Integrated Ombudsman Scheme, 2021.

Key Features & Syllabus Coverage

• Core Banking Statutes:

  • Covers the Reserve Bank of India Act, 1934 and the Banking Regulation Act, 1949 in detail.

  • Explains the powers of the RBI to regulate banks and issue licenses.

• Negotiable Instruments Act, 1881:

  • Extensive coverage of Dishonour of Cheques (Section 138), which constitutes a large chunk of litigation in lower courts.

  • Explains the recent decriminalization debates and interim compensation rules.

• Recovery of Loans (NPA Management):

  • Detailed chapters on the SARFAESI Act, 2002 (enforcing security interest without court intervention) and the DRT Act (RDB Act).

  • Introduction to the Insolvency and Bankruptcy Code (IBC), 2016 as it applies to banking defaults.

• E-Banking & Cyber Law:

  • Discusses legal issues related to ATM frauds, RTGS/NEFT transfers, and the liability of banks in unauthorized electronic transactions.

Who is this Book For?

• LL.B Students: Covers the standard syllabus for the “Banking Law” optional paper.

• Banking Aspirants: Essential reading for JAIIB/CAIIB exams and Law Officer interviews in public sector banks.

• Practicing Lawyers: A quick reference for drafting notices under Section 138 (Cheque Bounce) or Section 13(2) of SARFAESI.

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