Banks have become an integral part of not only global and national economies but also business and family life of every individual.They have become highly indispensable for national, international, industrial, agricultural and commercial activities including exports, imports, share markets, etc. Banks initially started only as centers for depositing customers money, but as of now, they are carrying on multifarious activities and hence they have become the backbone of the economy of every nation. All the activities of banks are fully explained in this book.The growth of banking activities was so rapid that they had to be necessarily regulated by defined rules lest they would become places for rampant misuse of public funds which may lead to a multiplicity of legal suits. Hence banking law is necessary to regulate the banking activities. The controlling system of banks started with the enactment of two major Acts namely the Reserve Bank of India Act, 1934 and the Banking Regulation Act, 1949 in addition to the already existing enactment namely Negotiable Instruments Act, 1881. Of late, the introduction of computers in banking transactions have led to E-Banking. Mobile banking, ATM banking, E-Cheques, Authentication & Cyber Evidence etc., The cyber crimes arising out of the software system manipulations are dealt with exclusively in cyber laws, which has become a separate branch of study under Intellectual Property Rights.This book on Banking Law, E-Banking and Negotiable Instruments Act, 1881 is a thoroughly revised edition. Adequate care has been taken to present the subject matter in a clear, cogent and comprehensive manner in simple and lucid language to cater to the needs of the law students both from the academic and examination points of view.The Solved Problems in Banking Law & the Negotiable Instruments Act, 1881 have been published as a separate book (Volume – II)We hope that this revised edition namely the Banking Law and the Negotiable Instruments Act, 1881 shall receive a tumultous response from student community as of our other law books.
Dr. Ambedkar Law University