Question 1

What does a banking lawyer do?

Accepted Answer

A legal advisor in bank is responsible for legal documentation regarding policies, transactions, compliances, etc. The legal advisor for banks also represents before court of law in case of dispute against other banking lawyers representing their clients. A banking lawyer also advises its clients on issues related to banking services and loans that may arise between the bank and the customer. Very often banking lawyers help the customers in disputes related to loan agreements and restructuring of loans through application or mediation.

Question 2

How to find the lawyer for banking issues?

Accepted Answer

If I have some legal trouble related to banking laws, I should start my search for banking lawyers near me. For example banking lawyers in Delhi may help legal matters with jurisdiction in Delhi. A banking lawyer is responsible for representing his/ her client before the respective court or tribunal, or even advising their clients. On the other side, there are legal advisor for banks as well who use the existing laws for compliances and saving the bank interests.

Question 3

How can I become a law officer in a bank?

Accepted Answer

To become banking lawyers or legal advisors of banks one has to complete graduation in law. There exists a bank personnel recruitment owned by the government known as Institute of Banking Personnel Selection (IBPS) which conducts banking exams. Government banks usually recruit banking lawyers on the basis of IBPS examination. Some private banks also recruit on the basis of this exam.

Question 4

What is banking lawyer salary in India?

Accepted Answer

LLB jobs in bank vary based on qualifications, salary, experience, etc. Hence, there is no perfect number to describe banking lawyer salary in India. Location also matters for financial disputes, hence, banking lawyers in Mumbai might be earning more as compared to the banking lawyer in Rohtak.

Question 5

Why do banks hire lawyers?

Accepted Answer

Banking lawyers are required for the legal documentation as well as representation of banks in courts in case of banking disputes affecting banking law provisions.

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