SKILL ROADMAP 46 · SPECIALISED LEGAL FIELDS

Banking and Finance Law

Banking regulation → Loan structures → Security → Documentation → Recovery → Restructuring

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This roadmap has 6 steps, 3 checkpoints and 2 projects.
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1 What this path is

Banking and finance lawyers advise lenders and borrowers on loans, security and regulatory requirements, and help with recovery when loans go bad.

The work involves detailed documentation, regulation and transaction work.

Learn banking regulation.
Learn: the Reserve Bank of India Act 1934 and the Banking Regulation Act 1949.
Practise: by explaining how RBI regulates banks.
Learn loan structures.
Learn: term loans, working capital, syndicated loans and external commercial borrowings.
Practise: by mapping a syndicated loan.
Learn security.
Learn: mortgages, pledges, hypothecation, guarantees and registration of charges under the Companies Act.
Practise: by listing the security documents for a secured loan.
Learn documentation.
Learn: facility agreements and their key clauses.
Practise: by reviewing a sample facility agreement.
Learn recovery.
Learn: the SARFAESI Act 2002, the Recovery of Debts and Bankruptcy Act 1993 and Section 138 of the Negotiable Instruments Act 1881.
Practise: by drafting a SARFAESI demand notice on imaginary facts.
Learn restructuring.
Learn: RBI's framework for resolving stressed assets and its link with insolvency.
Practise: by reading the Insolvency roadmap.

You run financing transactions and recovery matters.

These checklists are for honest self assessment. They are not an official certification.

Look for banking teams at firms and bank legal departments.

Checklists, notices and reviews.