Here’s the Skills required by Lawyers dealing with Indian Banking Sector

Indian Banking sector comprises of 27 public sector banks, 21 private sector banks, 49 foreign banks and 56 regional rural banks. Indian Banking sector has registered strong growth in the past decade. Demand for loans has grown for both corporate & retail, particularly in services, real estate, consumer durables & agriculture allied sectors. 

Government efforts to promote banking technology and expansion in rural areas has significantly improved the financial inclusion in the past few years. Sectoral level employment data (2017) suggests that Banks are providing huge employment opportunities in the country, nearly around 21% of total employment and is among the top 5 best growing sectors of India.

With this ecosystem, while businesses can flourish, it is still important for them to focus on running a profitable business, instead of getting entangled in the heavy documenting, auditing and reviewing paperwork or procedure, as any distraction could lead to a loss of crores and livelihoods. This is where experienced law firms step in. 

In any such law firm, the services need to include loan and credit documentation, consortium documentation, security documentation, inter creditor agreements, restructuring, filings and registrations, project finance auditing, products structuring, and corporate governance and regulatory advice. 

The advisors should have a keen commercial understanding of what the clients seek to achieve, the quality of the documentation and their ability to deliver a high value service within tight time frames. Besides, as transactions increasingly require a blend of a range of products, including financing, secularization, restructuring and advisory, they should be able to meet all these requirements under one roof.
Location: Mumbai, Maharashtra, India

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