Centre for Banking and Financial Laws
The banking has been a foremost sector which has reformed the country’s economy to a great extent. From its old paradigm of capital, labour and technology, the country’s economic growth has shifted its gaze towards the mobilization of savings, their investments and returns. Reforms in banking sector have led the country’s economy at the high peak. Its tremendous growth has always enlightened the country to keep improving its functions and facilities.
The Centre for Banking and Finance Laws at the National Law University, Delhi has been established to develop the intellectual leadership and capabilities in the field of banking, capital markets and other financial services. It aims to generate scholarship and work as a think tank for robustness and soundness of the banking sector. To bring better analytical clarity at national, regional and global levels, the Centre seeks to engage public and private stakeholders for working together on exchange of ideas, policy recommendations and allied regulatory issues.
- To act as a platform and engage bankers, lawyers, policy makers, regulators and academia in exchange of ideas and capacity building
- To ensure as a thought leader that these ideas have an impact on Boardrooms as well as classrooms
- To offer advisory solutions on related issues
- To focus on important aspects of banking and financial laws so as to generate new insights of scholarly value and policy relevance
- To work in close association regulators like RBI, SEBI, CCI and other bodies like National Stock Exchange (NSE), Institute of Banking and Finance (IFBI), Institute of Corporate Affairs (IICA), Institute of Company Secretaries of India (ICSI) and Institute of Chartered Accountants of India (ICAI) etc.
Prof. (Dr.) Ranbir Singh, Hon’ble VC, NLUD
Prof. G.S.Bajpai, Registrar, NLUD
- Dr Ritu Gupta-Research Director
- Dr Amita Punj-Associate Research Director
- Dr Risham Garg
- Dr Aparajita Bhat
- Dr Prem Chand
- Ms Preeti Lakhera
- On 14th May, 2015, the Centre for Banking and Finance Laws at NLU Delhi organized a National Consultation on Public Procurement Bill, 2012 in collaboration with the Ministry of Finance. In his Presidential address Professor (Dr.) Ranbir Singh, Vice-Chancellor, NLUD discussed a number of recent scams that have taken place in India, thereby, recognizing the importance of a law on public procurement. Thereafter, Mr Sanjay Aggarwal, Director, Procurement Policy Division, Ministry of Finance highlighted the vision of Hon’ble Finance Minister Mr Arun Jaitley to reintroduce the Public Procurement Bill in the Parliament. In his keynote address, Mr Harsh Kumar, Director, National Institute of Financial Management (NIFM), Faridabad provided a brief background on legal framework on public procurement in India and the need to have a Central Law on Public Procurement in India. Prof. G.S. Bajpai, Registrar, NLUD, shared his ideas on the subject and presented Vote of Thanks.
The event witnessed participation from various stakeholders and institutions like Competition Commission of India (CCI), Indian Railways, BSNL, NIC, Indian Institute of Corporate Affairs (IICA), CUTS, academicians and researchers from various Universities.
Prof M.P. Singh and Sh. Dhanendra Kumar, Former Chairperson, CCI chaired the two sessions with other invited speakers. A consultation questionnaire was prepared by the organizers that was circulated amongst the participants for their responses. The outcomes would be submitted to the Ministry of Finance for their perusal. The Consultation coordinators were Dr Ritu Gupta, Associate Professor, NLUD and Dr Aparajita Bhatt, Assistant Professor, NLUD. Mr Dinesh Singh, Research Associate, NLUD and Ms Navpreet Singh, student LL.M., NLUD helped in the organization.
International Finance and Corporate Course (IFCC) in association with Allen & Overy, LLP (a Magic Circle law firm headquartered in London, UK) from 7th -9th March, 2016
The Centre for Banking and Financial Laws, National Law University, Delhi hosted the International Finance & Corporate Course (IFCC) in collaboration with Allen & Overy from 7th–9th March 2016. The IFCC focused primarily on giving undergraduate students an understanding of the basic principles of finance and corporate law, until now has only been available outside India. The three-day long technical legal training programme saw enthusiastic participation from NLSIU, Bangalore, WBNUJS, Kolkata, NLU, Jodhpur and NALSAR, Hyderabad, in addition to forty students from the B.A., LL.B. (Hons.) programme at the host institution. The course was taught through a combination of seminars and facilitated workshops which served as an introduction to the practical side of transactions with a focus on banking, capital markets and corporate laws.
ONE DAY PROGRAMME
The Government and the Reserve Bank of India have always kept on trying to widen the admittance of banking facilities all over the Country. Various programs and yojnas were formed; the recent example of this is the Pradhan Mantri Jan Dhan Yojna scheme which aims to accomplish the objective of providing basic banking accounts with a debit card with inbuilt accident insurance. It has set an ambitious target of bringing in more than 7.5 crore un-banked families into India’s banking system by opening more than 15 crore bank accounts at the rate of two bank accounts per household by 15 August 2015. The remaining hilly areas and the naxallite affected areas will be covered under this yojna by August 2016.