Banking Law: Definition, Scope, Principles, Functions and Objectives

Definition of Banking Law – In this modern era, various methods of saving money have developed with the guarantee of maintaining and managing money properly offered by financial institutions commonly referred to as banks. Apart from saving money, banks can also be used as a place to borrow capital or make transactions that are easier and more efficient in terms of distance and time.

The presence of a bank as a mode of financial transactions based on mutual trust between the bank and the customer to entrust the customer’s finances to the bank makes it very easy for us in various needs. Having a bank also minimizes the money we have that is damaged or lost in the house because the bank guarantees our finances which they will save and manage in their own way, which of course has established an agreement between the two parties between the bank and its customers.

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However, from this brief explanation about the bank, did Sinaumed’s’ friends already know about banking law? In general, banking law is known as everything that regulates banking affairs, work systems, and activities such as: money transactions, saving, or borrowing capital that has been regulated according to banking laws. For this reason, in order to make it easier for Sinaumed’s friends to understand banking law, in this discussion we have summarized various information related to banking law that you can refer to as additional insight.

You can see further discussion regarding banking law below!