Banking & Financial Sector

Banks | NBFCs | Regulatory Compliance

Overview

The banking and financial sector is one of the core areas of RP Law Chambers. The firm has extensive experience advising and representing banks, scheduled banks, NBFCs, and other regulated financial institutions.

With a unique blend of litigation capability and regulatory advisory, RPLC supports institutions in addressing disputes, navigating compliance frameworks, and responding to the increasing challenges of financial technology and cyber risks.

Scope of Practice

Recovery & Enforcement

  • Proceedings under the SARFAESI Act, 2002
  • Debt Recovery Tribunal (DRT) matters
  • Loan recovery suits before civil courts
  • Execution of decrees and enforcement of awards

Negotiable Instruments & Cheque Dishonour

  • Representation in cases under the Negotiable Instruments Act, 1881
  • Advisory on settlement, compounding, and criminal trial strategy
  • Drafting and reviewing loan and security documents to prevent disputes

Regulatory & Compliance

  • Advisory under Reserve Bank of India (RBI) guidelines and notifications
  • Structuring policies for KYC, AML, and cyber security compliance
  • Internal governance advisory for urban and district co-operative banks
  • Handling compliance queries raised by regulators

Co-operative Sector Advisory

  • Dispute resolution for urban and rural co-operative banks
  • Compliance under State Co-operative Societies Acts and regulatory audits
  • Representation before registrars, tribunals, and courts
  • Training and advisory on IT integration, cyber fraud prevention, and data governance

NBFC Advisory

  • Incorporation, licensing, and structuring of NBFCs
  • Compliance under RBI Master Directions
  • Legal documentation for lending, factoring, and microfinance operations
  • Representation in disputes involving borrowers and investors

Representative Experience

  • Acting for multiple urban co-operative banks in recovery, SARFAESI proceedings, and DRT disputes.
  • Advising NBFCs on regulatory frameworks and compliance with RBI directives.
  • Handling cheque dishonour litigation across different jurisdictions.
  • Legal support for cyber fraud investigations involving online transactions and digital banking.

(Client names withheld for confidentiality)

Approach

RPLC’s banking and finance practice is marked by:

  • Procedural rigor – adherence to banking statutes, recovery laws, and RBI guidelines.
  • Preventive structuring – drafting agreements and compliance frameworks that reduce litigation exposure.
  • Integrated risk management – combining financial law, cyber law, and regulatory compliance.
  • Pan-India representation – supporting banks and NBFCs across states and regulatory jurisdictions.

Relevant Laws & Regulatory Frameworks

  • Banking Regulation Act, 1949
  • SARFAESI Act, 2002
  • Negotiable Instruments Act, 1881
  • RBI Act, 1934
  • Prevention of Money Laundering Act, 2002 (PMLA)
  • Insolvency & Bankruptcy Code, 2016 (IBC)
  • State Co-operative Societies Acts
  • RBI Master Directions & Guidelines

Knowledge & Engagement

RPLC actively engages with the banking sector through:

  • Workshops and training for bank executives on cyber crime and cyber laws
  • Research on cyber fraud trends in financial institutions

Advisory collaborations with co-operative banks on digital transformation and governance