Best Banking & Finance Lawyers in Mumbai

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Davies & Associates, LLC
Mumbai, India

Founded in 2020
100 people in their team
Bengali
Hindi
English
Kannada
Urdu
Gujarati
Davies & Associates ("D&A") has grown to become the largest global law firm specializing in US, UK and Italian business and investment immigration together with Citizenship and Residency by Investment (together, โ€œCBIโ€).  Our lawyers are regarded as the leaders in the US E2...
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Stratage Law Partners
Mumbai, India

Founded in 2020
English
Stratage Law Partners, established in August 2020, is a specialized, solution-oriented, and value-driven law firm based in Mumbai, India. The firm offers comprehensive legal services across various practice areas, including private equity and venture capital, mergers and acquisitions, general...
Jayakar & Partners
Mumbai, India

Founded in 2007
English
Jayakar & Partners is a distinguished law firm in India, with offices in Mumbai, Delhi, and Pune, and affiliations with esteemed law firms in London and Dubai. The firm offers a comprehensive suite of legal services to a diverse clientele, including corporate entities, infrastructure companies,...

English
Legal Eagles Eye is a distinguished full-service law firm based in Gurgaon, India, renowned for its comprehensive legal expertise and commitment to excellence. The firm offers a wide array of services, including corporate law, criminal litigation, civil disputes, family law, intellectual property,...
Ramesh
Mumbai, India

English
Ramesh Tripathi & Associates is a distinguished law firm in India, offering comprehensive legal services across various domains. The firm's expertise encompasses criminal and civil litigation, corporate law, intellectual property, arbitration, and property disputes. With a team of seasoned...

Founded in 2017
English
Vis Legis Law Practice, Advocates (VLLP) is a distinguished law firm with offices in Mumbai, New Delhi, Pune, and Hyderabad. Established in 2017 by Mr. Rahul N. Hingmire, Mr. Nihar B. Thackeray, and Mr. Harish S. Khedkar, the firm has rapidly gained recognition for delivering high-quality,...

English
TMR Legal - Mediators, based in Mumbai, India, offers comprehensive legal services with a focus on civil and criminal law, as well as mediation. The firm specializes in handling disputes and litigations related to ancestral and inherited properties, partition suits, agricultural and urban land...

English
Corporate Pleaders Advocate, founded by Advocate Deepak Dhane in 2004, is a professionally managed law firm based in Mumbai, India. The firm specializes in securities laws and capital markets, arbitration and dispute resolution, company law, banking and finance, insolvency and bankruptcy, real...
Bar & Brief Attorneys
Mumbai, India

English
Bar & Brief Attorneys, headquartered in Mumbai, India, is a full-service boutique law firm specializing in both litigation and non-litigation matters within the Media & Entertainment sector, as well as handling a broad spectrum of Commercial and Corporate issues. The firm leverages extensive...
Lexicon Law Partners
Mumbai, India

Founded in 2019
English
Lexicon Law Partners, headquartered in Mumbai, India, offers comprehensive legal services to both domestic and international clients. The firm specializes in various practice areas, including litigation and dispute resolution, corporate advisory and commercial laws, employment law, real estate,...
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About Banking & Finance Law in Mumbai, India

Mumbai, the financial capital of India, is a hub for banking and finance. The city is home to the Reserve Bank of India, Bombay Stock Exchange, National Stock Exchange, and several multinational banks and financial institutions. Banking and finance law in Mumbai operates under the broad spectrum of Indian banking laws, which are responsible for controlling and monitoring all financial and banking transactions, practices, and operations. The main legal statutes governing this field include the Reserve Bank of India Act 1934, Banking Regulation Act 1949, and the Companies Act 2013.

Why You May Need a Lawyer

From individuals to organizations, anyone can face a need for legal help in banking & finance. You might need a lawyer if you're facing issues like loan disputes, breach of contracts, mortgage problems, issues with financial transactions, bankruptcy, frauds, or if you need assistance with regulatory compliances, investment management or structuring investment schemes. Also, if a bank or any financial institution is starting up or expanding their operation, lawyers are needed for legal formalities, agreements and contracts, drafting policies, and procedures.

Local Laws Overview

In addition to the Reserve Bank of India Act and Banking Regulation Act, several other regulations apply to banking transactions in Mumbai. The Securities and Exchange Board of India (SEBI) Regulations cover securities trading and stock exchanges. The Foreign Exchange Management Act (FEMA) regulates cross-border transactions, and the SARFAESI Act allows banks and financial institutions to auction residential or commercial properties to recover loans. The insolvency and bankruptcy code 2016 deals with bankruptcy and insolvency cases of individuals and corporations.

Frequently Asked Questions

1. What laws govern banking in India?

The primary laws governing banking in India are the Banking Regulation Act 1949 and the Reserve Bank of India Act 1934. There are also several other related laws addressing different aspects of banking.

2. Can I challenge the decisions of a bank?

Yes, you can challenge the decisions of a bank. If it falls under the purview of unfair trade practice or is against your rights as a consumer, you can take legal action and seek redressal.

3. Do I need a lawyer for loan repayment issues?

If you're facing an issue with disputed loan amounts, unfair interest rates, or unethical recovery practices, getting legal help could be beneficial.

4. Can banks auction my property for loan repayment?

Under the SARFAESI Act, banks and financial institutions have the right to auction properties to recover outstanding loans. However, they must follow due process as per the Act.

5. What if I am a victim of online banking fraud?

In case of online banking fraud, you should immediately report the matter to your bank and local police. You can also seek legal help to recover your funds and take action against the fraudster.

Additional Resources

The Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI) have extensive resources and guidelines available on their websites. The Indian Banks' Association (IBA) also provides valuable resources. Advocacy services exist, like the Banking Codes and Standards Board of India (BCSBI), which helps ensure that fair treatment to customers.

Next Steps

If you're in need of legal assistance, it might be helpful to consult with a banking and finance lawyer in Mumbai who specializes in your area of concern. It's advised to prepare any relevant documents, such as banking statements, contract agreements, or communication records. They can provide guidance, represent you in any negotiations or court proceedings, and help secure your rights and interests.

Lawzana helps you find the best lawyers and law firms in Mumbai through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Banking & Finance, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Mumbai, India - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.