Best Banking & Finance Lawyers in Patna

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Bihar Tax  Consultant

Bihar Tax Consultant

Patna, India

Founded in 2013
10 people in their team
English
Hindi
Bihar Tax Consultant is among the best Tax Consultant in Patna, Bihar providing expert guidance on Direct and Indirect taxation, Private/LLP Company registration and its annual compliance management, Intellectual Property Registration and management including trademark application ,registration ,...
Advocate Radha Raman Roy

Advocate Radha Raman Roy

15 minutes Free Consultation
Patna, India

Founded in 1987
10 people in their team
English
Hindi
Advocate Radha Raman Roy, the best lawyer in Patna, is renowned for his over 35 years of experience in criminal, divorce, property, matrimonial, family, and civil law. He is highly respected in the legal fraternity in Patna and has a reputation for providing top-notch legal representation and...
LAW CHAMBER OF ADVOCATE RAJVEER SINGH

LAW CHAMBER OF ADVOCATE RAJVEER SINGH

15 minutes Free Consultation
Patna, India

Founded in 2016
10 people in their team
English
Hindi
Welcome to the Law Chamber of Advocate Rajveer Singh, Advocate Rajveer Singh is an Advocate and Registered Trademark Attorney with over 8 years of experience in Supreme Court of India, High Courts and District Courts. With a robust practice spanning multiple domains, we offer comprehensive...
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About Banking & Finance Law in Patna, India

Banking & Finance law in Patna, India refers to the legal framework that governs the operations and transactions in the banking and financial sectors. It covers various aspects such as banking regulations, consumer protection, loan agreements, debt recovery, insolvency, and securities. Understanding the relevant laws and regulations is crucial for individuals and businesses involved in banking and finance activities in Patna.

Why You May Need a Lawyer

There are several situations where you may require legal help in Banking & Finance. Some common scenarios include:

  • Disputes with banks or financial institutions
  • Issues related to loan agreements, mortgages, or foreclosure
  • Debt recovery or insolvency matters
  • Investment disputes or fraud
  • Breach of banking or financial regulations

Local Laws Overview

Here are some key aspects of local laws relevant to Banking & Finance in Patna, India:

  • The Reserve Bank of India (RBI) regulates and supervises banks and financial institutions in Patna.
  • The Banking Regulation Act, 1949, governs the establishment, operation, and management of banks.
  • The Negotiable Instruments Act, 1881, deals with negotiable instruments like cheques, promissory notes, and bills of exchange.
  • The Insolvency and Bankruptcy Code, 2016, provides a framework for insolvency resolution and liquidation proceedings.
  • The Securities and Exchange Board of India (SEBI) regulates the securities market, including stock exchanges and intermediaries.

Frequently Asked Questions

1. Can a bank in Patna charge any interest rate on loans?

Banks in Patna cannot charge any interest rate of their choice. The interest rates are regulated by the RBI and are subject to guidelines issued from time to time.

2. How can I file a complaint against a bank or financial institution in Patna?

If you have a complaint against a bank or financial institution in Patna, you can file a written complaint with the Banking Ombudsman appointed by the RBI. They will investigate the matter and provide a resolution.

3. What are the eligibility criteria for obtaining a banking license in Patna?

The eligibility criteria for obtaining a banking license in Patna are specified by the RBI. Generally, the applicant must meet capital adequacy requirements, have a good track record, and fulfill the fit and proper criteria set by the RBI.

4. What are the rights of a borrower in Patna?

Borrowers in Patna have the right to be provided with complete and accurate information about the terms and conditions of a loan agreement, fair treatment, and protection against unfair practices by banks and financial institutions.

5. How can I protect myself from investment fraud in Patna?

To protect yourself from investment fraud in Patna, it is advisable to conduct thorough due diligence before making any investment. You should verify the credentials of the investment provider, carefully review the investment terms, and consult with a legal or financial professional if needed.

Additional Resources

Here are some additional resources that can be helpful for someone in need of legal advice in Banking & Finance:

  • Reserve Bank of India (RBI) - https://www.rbi.org.in/
  • Securities and Exchange Board of India (SEBI) - https://www.sebi.gov.in/
  • Consumer Banking Protection Bureau - Patna - https://www.patnabankingprotection.in/

Next Steps

If you need legal assistance in Banking & Finance in Patna, consider following these steps:

  1. Gather all relevant documents and information related to your case or concern.
  2. Research and shortlist experienced lawyers specializing in Banking & Finance in Patna.
  3. Contact the selected lawyers to discuss your situation and arrange a consultation.
  4. During the consultation, explain your case in detail and ask any questions you have.
  5. Evaluate the lawyer's expertise, communication skills, and fee structure before making a decision.
  6. Select a lawyer whom you feel comfortable working with and proceed with the necessary legal proceedings.
Lawzana helps you find the best lawyers and law firms in Patna 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 Patna, 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.