Banking Regulation and Compliance

Banking Regulation and Compliance provides a clear and authoritative examination of the legal, regulatory, and supervisory frameworks that govern the modern banking sector. The book explains how financial institutions operate within a structured compliance environment shaped by legislation, regulatory bodies, risk-management standards, and ethical requirements. It highlights the dynamic relationship between banking operations, consumer protection, financial stability, and regulatory oversight. With its systematic approach, the book helps readers understand not only the laws governing banks but also the compliance culture necessary to maintain trust, transparency, and resilience in the financial system.

Key Features

• Comprehensive coverage of core banking regulations, statutory mandates, and supervisory mechanisms.
• Detailed explanation of compliance frameworks, internal controls, due diligence requirements, and risk-management practices.
• Insight into regulatory bodies, enforcement actions, reporting standards, and audit functions.
• Discussion of contemporary issues such as fintech regulation, cybersecurity obligations, AML/KYC norms, and consumer protection laws.
• Includes practical perspectives on regulatory challenges, compliance failures, and evolving global standards.
• Written in a structured and accessible style suitable for both academic learning and professional use.

This book is ideal for banking and finance students, law students, compliance officers, financial analysts, and professionals working in regulated financial institutions.

CHAPTER 1

• Introduction to Banking: Evolution, Regulations, and Modern Practices Page 1

CHAPTER 2

• Foreign Exchange Management Act (FEMA) and its Need Page 20

CHAPTER 3

• NRI Banking in India: A Systematic Guide to Regulations and Compliance Page 35

CHAPTER 4

• Foreign Exchange Page 71

CHAPTER 5

• Importance of FERA over FEMA Page 105

CHAPTER 6

• Role of Banks in Forex Page 122

CHAPTER 7

• Banks and Environmental, Social, and Governance (ESG) Policy Page 134

CHAPTER 8

• Banks, Customer Service, and Grievance Page 159

CHAPTER 9

• SEBI and its Importance Page 177