Landmark case · Law of Banking and Negotiable Instruments · Semester 5

Canara Bank v. P.R.N. Upadhyaya

(1998) 6 SCC 526 · Supreme Court of India

RBI circulars on interest and service charges bind banks in their contractual dealing with customers unless shown to be ultra vires.

From topic

Banking Regulation Act, 1949: business of banking — Unit I, Law of Banking and Negotiable Instruments.

Related sections:

Banking Regulation Act, 1949, 5(b) — Banking
Banking Regulation Act, 1949, 6 — Forms of business in which banking companies may engage
Banking Regulation Act, 1949, 21–22 — Power to control advances; licensing of banking companies
Banking Regulation Act, 1949, 35A — Power of the Reserve Bank to give directions