Analytical Study Of The Evolution Of Banking Laws
- IJLLR Journal
- 2 days ago
- 1 min read
Akshit Dubey, Amity Law School, Amity University, Noida
ABSTRACT
The evolution of laws related to banking has always reflected the dynamic transformation of the financial system, responding to changes in the economy, politics, and technologies. Hence, this research paper will perform an analysis of the evolution of banking laws. It will cover both the history of global banking regulations, discussing important milestones in their development, and the specifics of the Indian case. Special attention will be paid to the history of Indian banking laws and their development in the colonial era, after the country became independent, and during the period of liberalization.
In this regard, the current regulatory framework, established for ensuring financial stability and controlling banks' activities, will be thoroughly analyzed, with a focus on the role of the Reserve Bank of India. The evolution of banking laws is closely connected with the rapid development of information technology, digital banking, and fintech. However, there are various challenges in the process of regulatory development that have not been effectively solved yet.
Thus, using a doctrinal and analytical approach, the research will prove that banking laws' evolution is characterized by high reactivity to systemic failures in finance, with many positive developments but significant weaknesses as well. It will discuss existing barriers and propose solutions to these problems to improve regulation's efficiency and promote innovative trends in the financial sector.
Keywords: Banking Laws, Financial Regulation, Banking Evolution, Reserve Bank of India, Basel Norms, Digital Banking, Financial Stability, Non-Performing Assets, Banking Reforms, FinTech.
