This is the fourth edition of the book originally published in a miniature form in the year 1979 as "Law & Banking" and in the year 1988, under its current name.This edition is an attempt to answer all legal questions relating to the theory and practice of banking from the point of view of a layman as well as a scholar. A serious effort has been made to provide solutions to all types of problems concerning banking in a comparative manner.While dealing with Banking law, one is often confronted with such actions as summary suits, charging of interests, appointment of receiver, attachment before judgment etc. The book in its present form deals with all such matters. A substantive part of it relates to situations like attachment before judgment, whether machinery is immovable, the effect of service by registered post, the system of Hundies working in the domestic trade and the manner how the traveller cheques and now the electronic cheques are governing the international trade. Topics relating to indemnity, guarantee, surety's liability, performance guarantee, bankers liability (including the vicarious liability of the banks), dishonour of cheques etc. have been dealt with deftly. Information about the international Banking machinery concerning Banking documentation and interpretation in the light of case law is given importance.This book will most definitely meet the requirments of the busy members of the bench and the bar, bankers, scholars, and all others who are concerned with the intricacies of the banking law and will provide a ready source of knowledge and guidance at a glance.