Author: Manav 01

This research paper critically examines the banker–customer relationship in India, focusing on its legal foundation as a debtor–creditor relationship and its evolution amid technological and regulatory change. It explores how traditional doctrines under the Indian Contract Act, 1872 and Banking Regulation Act, 1949 interact with modern issues such as digital banking, data protection, fiduciary duties, and consumer rights. Through doctrinal and analytical study, it identifies challenges like unequal bargaining power, confidentiality concerns, and digital fraud, and proposes reforms to promote fairness, transparency, and accountability in the banking sector.

Abstract The fast digital revolution has completely changed how people and companies conduct business, demanding a serious reconsideration of the traditional principles of contract law. The foundational element in this change is the doctrine of offer and acceptance, enshrined in the Indian Contract Act, 1872. This paper embarks on a quest to explore the intricacies of how these fundamental principles are being transformed with the advent of the digital age, where transactions are instant, automated, and often transnational. One area of concern is the importance of the Information Technology Act, 2000, which provides legal status to electronic contracts and digital…