The LAD is responsible for managing all legal matters pertaining
to Bank and is mainly involved in the Opinion Making, addressing
queries, advising on the laws applicable to Bank and other
concerns relating to carrying out of pre-contractual investigations
and securitisation aspects. This area includes, carrying out
of analysis, preparing research studies and examining, scrutinizing,
drafting of documents. LAD has also to strategise legal actions
and supervise implementation and ensure compliance. Advising
on legal viability of the corporate and commercial lending
agreements also falls into the ambit of LAD’s duties.
More frequently LAD suggests ways for the efficient structuring
of the transactions, effecting mortgages, perfection of securities
and provides general assistance to deal with the impacts of
Regulatory, Corporate, Labour and Fiscal Legislation. Attending
litigation portfolio, which includes Recovery cases and suits
filed either for or against the Bank, is also one of the core
functions of LAD.
