Banking Law alongwith Negotiable Instruments Act Author: (Dr.) H.P. Gupta

Banking Law by Dr. H.P. Gupta provides a detailed and structured commentary on the legal framework governing banking operations in India. Covering both statutory enactments and judicial interpretations, the book is designed to help students, academicians, competitive exam aspirants, and practitioners grasp the complexities of banking law in a clear and practical manner.

The book is inclusive of the Negotiable Instruments Act, 1881— explaining the nature, scope, and essential features of promissory notes, bills of exchange, and cheques. It delves into concepts such as holders in due course, endorsement, negotiation, discharge of liability, notice of dishonour, and crossing of cheques, along with the evidentiary presumptions attached to negotiable instruments. Special emphasis is placed on Section 138 relating to dishonour of cheques, detailing its legislative intent, essential ingredients, procedural aspects, and judicial interpretation.

The book also examines the Banking Regulation Act, 1949, providing insights into the evolution of banking in India, the nationalisation of banks, and the regulatory framework for banking companies. Topics such as licensing of banks, management and control, returns, accounts, inspections, interest regulations, and the role of the Ombudsman are explained with precision. The relationship between banker and customer is discussed in depth, including the rights, duties, and liabilities arising out of this fiduciary relationship.

The coverage extends to analysis of the Reserve Bank of India Act, 1934, and the Foreign Exchange Management Act, 1999.

Written in simple yet comprehensive language, the book not only presents the statutory provisions but also integrates practical illustrations and case law references. This makes it highly relevant for understanding both foundational principles and contemporary developments in banking regulation.