About Academy of Banking & Financial Affairs
Academy of Banking and Financial
Affairs of All India Legal Forum believes in the objective to promote knowledge
and awareness about this rapidly flourishing field of law. It aims to provide a
platform for all aspiring lawyers to develop their research and advocacy skills
in the field of banking and finance. Banking has been a foremost sector that
has reformed the country’s economy to a great extent. From its old paradigm of
capital, labour and technology, the country’s economic growth has shifted its
gaze towards the mobilization of savings, their investment and returns. Reforms
in the banking sector have led the country’s economy to a high peak. Its
tremendous growth has always enlightened the country to keep improving its
functions and facilities.
The vision of the Academy is to
provide training with the necessary knowledge and required skills to promote
financial services in the rural sector and financial inclusiveness in the
country as a whole. It has been established to develop intellectual leadership
and capabilities in the field of banking, capital markets and other financial
services. It aims to generate scholarship and work as a think tank for the
robustness and soundness of the banking sector. To bring better analytical
clarity at national, regional and global levels, the Academy seeks to engage
public and private stakeholders for working together on the exchange of ideas,
policy recommendations and allied regulatory issues. Through the research, we
undertake and the events we organise, we seek to create and share knowledge, to
engage stakeholders in an exchange of ideas, and to enhance the appreciation of
legal and regulatory issues. We aim to bring greater theoretical and analytical
clarity to these issues, to examine their policy impact, and to be a catalyst
for ideas on how to improve banking and financial systems at the national,
regional and global levels.
Banking Industry in recent times has experienced a lot many
changes with the liberalisation in the licensing policy of the Reserve Bank of
India. The number of new players has forayed into Banking viz. Small Finance
Banks, Payment Banks, NBFCs, Fintechs, etc giving stiff competition in the
Banking industry as a whole. Further the
penetration of Banking, notwithstanding the huge expansion in recent years, is
far low compared to international standards. Further, there are a large number
of managerial, financial, structural and technological issues facing the
banking and non-banking financial organizations that need to be thoroughly
investigated and resolved by research and consultancy to ensure long term
sustainable growth of these sectors. Hence, the Academy will undertake research
work exclusively to cater to the required needs of the Banking industry.
Objectives
The
primary vision of the Academy is to encourage study and research in Banking Law
and Finance Law. It is going to focus on disseminating ideas and promoting
research through a large network of competent professionals such as regulators,
academicians, practitioners, industry experts and students.
It also aims at:
- To act as a platform and engage bankers, lawyers, policymakers, regulators and academia in exchange for ideas and capacity building.
- To offer advisory solution on related issues.
- To focus on important aspects of banking and financial laws so as to generate new insights into scholarly value and policy relevance.
- To work in close association regulators like RBI, SEBI, CCI and other bodies like National Stock Exchange (NSE), Institute of Banking and Finance (IFBI), Institute of Corporate Affairs (IICA), Institute of Company Secretaries of India (ICSI) and Institute of Charted Accountants of India (ICIA).
- Capacity building initiatives in the discipline.
- Providing a platform for research, training and consultation in the domain of Banking and Finance Law.
- Providing a platform for students to interact with field experts in the field of Banking and Finance Laws and to grab the opportunities in this developing field of law.
Post
Intern – Academy of Banking and
Financial Affairs (August 2021)
Roles
Interns will be working under the Academy
of Banking and Financial Affairs for the duration of your internship. They will
be required to research on Banking Law and Finance Law. They will have the
opportunity to interact with field
experts in the field of Banking and Finance Laws and further get a chance to
enhance their training and consultation skills in this domain.
Eligibility Criteria
Students
who are currently enrolled in the 3-year and 5-year UG Law course and willing
to work for one month.
Tenure
One Month (August 2021).
Perks
- A Good Exposure for those who wish to further enhance their research skills.
- Certificate of completion will be given upon successful completion of the tenure of one month.
Stipend
There is no stipend involved.
How to Apply?
- Applications must include a Curriculum Vitae in pdf format, not exceeding 2 pages.
- Applicants are required to send their application to abfa12345ailf@gmail.com
- Applications must be made with the Subject of the email as ‘Application for Internship’.
- The applications must be submitted on or before July 31, 2021, 11:59 PM.
- Please go through all the requirements carefully. Incomplete applications will not be considered.
- Selected students will be called for an interview.
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