LET’S KNOW ABOUT THE PROFESSIONAL KNOWLEDGE SYLLABUS FOR IBPS SO LAW OFFICER
For the exams definitely this is a new section but a very valuable part . As the name answers the questions for this section would be profession based as in this case based on law and acts relating to the banking sector .
Now lets give you a brief idea on topics to be covered-
Relevent rules & laws of foreign exchange and securities.
Prohibition of money laundering
Offences and penalties
Consumer Protection Act
Information Technology act
Limitation act 1993
Banking regulated laws
Banker’s book evidence act
Recovery of debts due to banks and Financial Institutions act
Miscellaneous Provision Consumer Protection act 1986
The Banking Ombudsman Scheme
Commercial laws related to banking operations
Contracts of Bailment
Contracts of an agency
Dissolution of a firm
Effects of non registration
Transfer of property act
Basically you will find these topics and many more to be covered for this section .