Banking Law Course Details - Fees, Subjects, Syllabus, Duration, Eligibility, Career Scope
Degrees offered: L.L.M, P.G.D, Diploma, B.A. L.L.B, B.B.A. L.L.B
What is Banking Law
Banking law is a branch of law that provides students with a detailed understanding of the legal framework for the banking industry. Banking law course covers various legal aspects of banking, such as banking regulations, investment policies, and other domestic and international perspectives. Some of the main topics that are covered in the Banking law course are banking contracts, financial privacy, regulatory compliance, consumer protection laws and anti-money laundering regulations.
Banking law course also provides the details on the legal implications of electronic banking, and digital currencies. This branch of law courses guide students in facing legal challenges such as bankruptcy, loan agreements, and insolvency. Banking law provides students with the relevant skills and knowledge that are necessary to navigate the complex legal issues of the banking industry, ensuring compliance and effective risk management.
Banking Law Course Highlights
| Particulars | Values |
|---|---|
Branch Name | Banking Law |
Degree | LLB, Integrated LLB, LLM |
Duration | LLB (3 years) Integrated LLB (5 years) LLM (2 years) |
Eligibility | LLB (Graduate with 50 percent of aggregate marks from recognised board) |
Integrated LLB (10+2 with 50 percent of aggregate marks from recognised board) | |
LLM (Bachelors of Law Degree with 50 percent of aggregate marks) | |
Admission Process | LLB (Entrance exams like CLAT, TS LAWCET, AILET, LSAT) |
Integrated LLB (Entrance exams like CLAT, LSAT, AILET) | |
LLM (Entrance exams like AILET, IPU CET, BHU UET) | |
Top Entrance Exams | CLAT, AILET, LSAT, DU LLB |
Course Fees | LLB (Rs 1,00,000 to Rs 1,50,000) |
Integrated LLB ( Rs 1,50,000 to Rs 5,00,000) | |
LLM (Rs 1,50,000 to Rs 5,00,000 ) | |
Top Colleges | Raffles University, Neemrana, NLU Kochi, RTMNU Nagpur, Saurashtra University, Rajkot, ICFAI Law School, Hyderabad |
Career options | Compliance Officer, Legal Analyst, Tax Consultant |
Average Salary | Rs. 7 LPA |
Recruiting Companies | AZB & Partners, Luthra and Luthra Law Offices India, Khaitan & Co, Bharucha & Partners, Kochhar & Co, Phoenix Legal |
Top Banking Law Colleges in India
Banking Law courses are offered by many universities and colleges. Banking Law fee is mostly based on the degree programme which is chosen by the student, type and location of the college. Some of India's top Banking Law colleges are listed in the table below.
| Colleges | Fees |
|---|---|
Rs. 2.10 Lakhs | |
- | |
- | |
Maharishi Law School, Maharishi University of Information Technology, Noida | Rs. 1.60 Lakhs |
- | |
- | |
- | |
- | |
- | |
- |
Top Private Banking Law Colleges in India
Banking Law courses are offered by a number of private universities and colleges in India. Admission to the Banking Law course is offered based on previous academic achievements and the results of the entrance examinations. The table below lists some of India's best private Banking Law colleges.
| Colleges | Fees |
|---|---|
Aurora Higher Education and Research Academy, Uppal | - |
Global College of Law, Ghaziabad | - |
ICFAI Law School, Hyderabad | Rs. 2.10 Lakhs |
- | |
- | |
Maharishi Law School, Maharishi University of Information Technology, Noida | Rs. 1.60 Lakhs |
Raffles University, Neemrana | - |
Top Government Business Law Colleges in India
In India, there are many government universities and colleges that offer Business Law courses. Prior academic achievements and entrance examination scores are used to determine admission for Business Law courses. India's best government Business Law colleges are listed in the table below.
| Colleges | Fees |
|---|---|
NLU Kochi | - |
RTMNU Nagpur | - |
Saurashtra University, Rajkot | - |
Eligibility Criteria (UG & PG) of Banking Law
Candidates wishing to apply for admission to Banking Law courses at undergraduate and postgraduate courses are required to meet the eligibility criteria which can be found on the official website of the institute or on the programme brochure. For a UG course, the candidates are required to have completed their 10+2 level of education with a valid aggregate score as specified by the desired institute. For PG course, they must have completed a Bachelor's degree in the field of Law while scoring the minimum aggregate percentage. Mentioned below are the eligibility requirements for UG and PG courses.
Eligibility Criteria for UG Courses
The candidates must meet the eligibility criteria of the course before applying for the admission. For a UG course the candidates are required to have completed their 10+2 level of education with a valid aggregate score as specified by the desired institute. They must also carefully look at the minimum and maximum age limit required for the course.
- Aspiring candidates who want to pursue integrated undergraduate law courses need to complete their 10+2 and students who want to pursue LLB degree for three years must complete their undergraduate degree programme.
- Minimum age limit is 18, and 30 is the maximum age limit.
- Top Law colleges offer admission to the undergraduate and postgraduate courses based on the result of the entrance examinations.
Top Entrance Exams for UG Courses
CLAT- Common-Law Admission Test (CLAT) is an entrance test in the area of law that is conducted by the National Law University at a national level in India. It is an offline examination and is widely accepted in most law institutions and colleges.
LSAT: LSAT (Law School Admission Test for India) is a national level law entrance exam, conducted by the law school admission council. The mode of LSAT (Law School Admission Test for India) exam is online and the counselling is done offline.
MH CET Law: MH CET Law (Maharashtra Common Entrance Test) is a state level entrance examination for law courses for admission to the law colleges in Maharashtra, conducted by Directorate of Higher Education Mumbai.
Eligibility Criteria for PG Courses
Similar to the undergraduate courses, there are certain eligibility requirements that the students must meet in order to qualify for the admissions to the postgraduate courses in the field of Banking Law. Mentioned below is the general eligibility requirements for the Banking Law course.
- The candidate must have a bachelor’s degree from a recognised university or institution. PGD in law can be pursued only by LLB graduates.
- Candidates must attend the counselling process and be selected according to their marks in the entrance exam or bachelor’s degree.
- Admission to various postgraduate degree programmes of law courses differs from college to college.
Top Entrance Exams for PG Courses
CLAT PG: CLAT PG (Common Law Admission Test for LLM) is a national level entrance examination conducted by the Consortium of NLUs to grant admission to the post-graduate courses every year.
AILET: AILET (All India Law Entrance Test) is a national level entrance examination, conducted by the National Law School, Delhi. AILET exam is used for admission in the undergraduate and postgraduate courses in law in the top colleges in India.
College Predictors VIEW ALL
Scope of Banking Law in India and Abroad
The Indian Banking Sector is growing rapidly and is one of the strongest and most regulated economies in the world. Banking law opens vast opportunities for the people. When demonetisation was executed in India, it led to a big crunch in liquidity (money readily available to use). But this will result in a huge demand for the services of lawyers as now every transaction that will take place will require the guidance and supervision of senior lawyers.
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Course Fees Banking Law
| Minimum Fees | Maximum Fees | |||
|---|---|---|---|---|
| Private | Government | Private | Government | |
| UG |
7.90 K
Diploma in Banking Law at Indian School of Business Management and Administration, Kochi
|
15.00 K
Diploma in Banking Law at University College of Law, Mohanlal Sukhadia University, Udaipur
|
21.19 Lakhs
B.A. L.L.B in Banking Law at School of Law, UPES, Dehradun
|
15.00 K
Diploma in Banking Law at University College of Law, Mohanlal Sukhadia University, Udaipur
|
| PG |
20.00 K
P.G.D in Banking Law at Swaminarayan University, Kalol
|
30.00 K
P.G.D in Banking Law at Maharashtra National Law University, Nagpur
|
1.30 Lakhs
L.L.M in Banking Law at ICFAI Law School, Hyderabad
|
30.00 K
P.G.D in Banking Law at Maharashtra National Law University, Nagpur
|
Course Subjects
Banking Law Syllabus for UG and PG courses
The syllabus for undergraduate degree in Banking Law in India covers a wide range of topics, such as Banking Regulation Act, Types of Account Holders. The syllabus of the course varies on UG and PG Level.
Banking Law Syllabus for UG Course
Banking Law is not offered as a specialisation at undergraduate level but some courses are offered that are related to Banking Law. In the table below we have mentioned the topics that are covered in the Banking Law syllabus at the undergraduate level of Bundelkhand University, Jhansi.
Unit 1 | |
Banking regulation Act 1949 | Evolution of banking |
Indian banking system | RBI Industrial Banks |
NABARD | Co-operative Banks |
Defining banker, customers, general & special relationship of banker & customers | Clayton’s rule |
Insurance of bank deposits | NR accounts |
Unit 2 | |
Types of Account Holders | Non Trading Institutions |
Services to customers | Teller system, credit cards, mutual funds |
Unit 3 | |
Cheque | Payment of Cheques |
Dishonour of cheque | Duties & protection no collecting banker |
Employment of bank funds | Negotiable instruments |
Banking Law Syllabus for PG course
The Banking Law course at the postgraduate level provides a detailed understanding of the bank policies and law. Banking Law course is taught as topics in the postgraduate syllabus. Below, we have mentioned the Banking Law topics at the postgraduate level courses at Sikkim University.
Unit I | Law Relating to Banking Companies in India and Social Control over Banking |
Unit II | Deposit Insurance |
Unit III | Relationship of Banker and Customer |
Unit IV | Recent Trends of Banking System in India |
Specialisation or Similar Ones
Banking law specialisation generally includes the areas of law that are relevant to banking operations, transactions, and the legal aspects. Below we have mentioned the specialisations of Banking Law.
- Banking Regulations and Compliance
- Corporate Banking and Finance
- Banking Litigation and Dispute Resolution
- International Banking and Finance
- Fintech and Digital Banking
- Banking and Insurance Laws
Below, we have mentioned some of the major degree programmes in Banking Law and related course:
Careers in Banking Law
The students after pursuing the undergraduate courses 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. Below, we have mentioned some of the career options available after pursuing a Banking Law course.
Job Profile | Job Description |
Banking Lawyer | Banking lawyers offer legal services to individuals, business organisations, financial institutions. Banking lawyers manage a wide variety of legal matters, such as compliance, loan, regulatory issues, debt recovery, mergers and acquisitions, agreements, and dispute resolution. They ensure all the banking operations follow the legal requirements, protecting the interests of both banks and customers. |
Compliance Managers help in managing 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. 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 Advisors conduct legal research and gather legal information regarding the laws. They pay attention to the contracts, leases, licences, policies and other documents like assembling the documents and proofreading. They record the daily documents in electronic devices and also physically file them. | |
Tax Consultants prepare logs for tax payments and track the tax returns. They keep the quarterly and yearly tax reports up-to-date and 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. |
Upcoming trends
Banking sector is growing rapidly and many trends are also evolving in the banking industry of India. With increasing technological advancements, like every other course, banking law courses are also adapting new trends and topics.
Digital Banking and Fintech: Digital banking platforms are nowadays evolving rapidly as technological innovations are occurring. Banking law can provide compliance on digital payments, blockchain technology, data protection, and cybersecurity.
Risk Management: Risk management is essential for any bank for maintaining stability. Risk Management may emphasise various topics like risk assessment, corporate governance norms, regulatory compliance, and internal control mechanisms.
Sustainable Banking and Environmental Regulations: Sustainable Banking and Environmental Regulations is essential because of the increasing emphasis on sustainability, this also covers the legal aspects of sustainable banking practices, including environmental regulations, green financing, and social responsibility in banking day-to-day operations.
Job Profiles and Top Recruiters
Banking Law graduates are hiredrecruited by many legal firms, organisations and the educational institutes.Below, we haave mentioned the top legal firms that hire the Banking Law graduates.
- AZB & Partners
- Luthra and Luthra Law Offices India
- Khaitan & Co.
- Bharucha & Partners
- Kochhar & Co.
- Phoenix Legal
Average Salary
The salary of the graduates after Banking Law may vary depending on the experience of the candidate, location of the company, job profile and skills of the candidate. In the table below, we have mentioned the salary of the careers that are mostly pursued by the Banking Law graduates.
| Job Profile | Average Salary |
|---|---|
| Banking Lawyer | Rs. 5.0 LPA |
Compliance Officer | Rs. 4.7 LPA |
Legal Analyst | Rs. 4.0 LPA |
Tax Consultant | Rs. 4.1 LPA |
Note: The salary mentioned here are only for refernece point of view, the actual salary may vary depending on the company, location of the company, skills and job profile.
Required Skillset for Banking Law
There are certain skills that the candidate must have in order to perform well in the field of Banking Law. These skills are essential for both academics and professional careers of the candidates. The aspirants who want to pursue banking law as a career should have profound knowledge of the laws and should have fluency in oral and written communication.
Research Skills | Analytical thinking skills |
Communication skills | Confidentiality |
Decision making skills | Banking and Financial knowledge |
Numerical ability | Creativity skills |
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. The subjects that are covered in the banking law course curriculum are:
- Banking Regulations
- Banking Contracts
- Payment Systems
- Consumer Protection in Banking
- Secured Transactions
- Anti-Money Laundering and Counter-Terrorist Financing
- International Banking Law
- Bankruptcy and Insolvency
- Corporate Governance and Ethics in Banking
Popular Banking Law Entrance Exams in India
Popular Banking Law Colleges in India VIEW ALL
ICFAI Law School, Hyderabad
- Fees: ₹ 210000
- Exams: ILSAT
Frequently Asked Questions (FAQs)
Question: What are some of the pre-requisite skills for Banking Law course?
Answer :
Some of the skills required for Banking Law are Research Skills, Communication Skills, Decision Making skills, Numerical ability, Banking Aptitude and Analytical Thinking skills.
Question: What are some of the top recruiters in the field of Banking Law?
Answer :
Some of the top recruiters hiring Banking Law graduates in India are AZB & Partners, Luthra and Luthra Law Offices India, Khaitan and Co., Kochhar & Co. and Phoenix Legal.
Question: What are some of the important topics taught in Banking Law?
Answer :
Some of the topics taught in Banking Law are Banking Regulation Act 1949, Indian Banking System, Insurance of Bank Deposits, Evolution of Banking
Question: What are the top entrance exams required for getting admission to UG or PG courses in the field of Banking Law?
Answer :
Some of the top entrance examinations in the field of Business Law are CLAT UG, AILET, LSAT, and CLAT PG.
Question: What is the average salary of Banking Law graduates?
Answer :
The salary depends on the experience, job location, skills and expertise of the candidate and job profile. The salary of a Corporate Lawyer is Rs. 5.9 LPA.
Question: What are the job profiles available for Banking Law graduates?
Answer :
There are many career options that the students can opt for after completing a course in Banking Law. Some of the popular career options include Banking Lawyer, Tax Consultant, Legal Analyst, Compliance Officer, Financial Consultant, Investment Advisor, Corporate Lawyer, and Investment Banker.
Question: Which are the courses available for banking law?
Answer :
There are 3 courses available for banking law. Diploma which can be done after 10+2 immediately for 1 year. Then comes a bachelor's course which is also done after 10+2 for 3-5 years depending on if it is integrated or not. And last the Master's course for 2 years.
Question: What are the fees of the colleges?
Answer :
The college fees vary from college to college. The private colleges would have higher fees of about Rs. 3-4 lakhs while the government colleges have fees up to Rs. 1 lakh.
Question: Which are the books they can refer for Banking Law course?
Answer :
The books the students can refer to are, Principles of banking law – Ross Cranston, Ellinger's Modern Banking Law, Value Added Tax Fraud – Marius-Christian Frunza, Banking Law and Regulation – Iris H. Y. Chiu and Joanna Wilson, Banking and Financial Institutions Law in a Nutshell – William Lovett
Question: Which are the top colleges offering banking law courses?
Answer :
The top colleges offering this course are, NLU Kolkata, Kolkata, School of Law, University of Petroleum and Energy Studies, Dehradun, ICFAI Law School, Hyderabad, ISBM – Indian School of Business Management and Administration, Hyderabad.
