Participants will also be able to protect their Institutions and thus contribute to the economy of our Country. They will be able to recover the bad loans applying the appropriate provisions of law. Participants will be able to reduce the unnecessary legal costs in the Courts. They will be able to protect their banks or institutions from any suit-loss. Participants will learn the fundamental rules and provisions of the law. How participants will be benefited after the course: ** To know the safeguards for the banks and bankers under the laws. ** To know the Court process on the Subjects. ** To be acquainted with the fundamental, essential and relevant provisions, rules, regulations, case laws etc. ** To acquire the theoretical as well as practical knowledge on the Law. The specific objectives of the training course are: And, I think, these may be helpful to your Institutions as well as contribute to the economy of our Country. It is most important not only for the employees but also for the employers of all types of banking and Non-banking financial institutions. If this law is well-understood, it will certainly contribute to your Institutions. In the Corporate Sector, the special knowledge in this special law has an extensive significance. The Banks cannot file a case against their employees under this law for misappropriation of fund.
For Example, the Banks can file a suit against the defaulter borrowers but the Borrowers can not file any suit against the Banks under this special law. This special law is called the Money Loan Court Act, 2003 (popularly known as Artha Rin Adalat Ain). And thinking the matter, the Government has enacted a special law in 2003 for the proper and speedy realization of the money from the defaulter borrowers. For that reason, a proper legal process is highly required for the recovery of the money. Thus, the Banking transaction goes on.īut sometimes the problem arises when some borrowers become defaulters of repayment of the borrowed money and the Banks fall in a critical situation.
Therefore, Banks lend and invest this Money to the Borrowers. People generally deposit their money to the Banks for proper investment and transaction.
Banks are the custodians of the public money.
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