BANKING LAW AND PRACTICES

Paper Code: 
AAF 514
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

Course Outcomes

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to:

CO159: To develop relevant knowledge about the Indian banking system and  Compare the Different Types Of Products And Services And Third Party Products Offered By Various Banks.

CO160: Differentiate between various innovative banking channels and to select the appropriate payment mechanism for effective transfer of funds.

CO161: Analyze the features of various negotiable instruments used in banking and to evaluate their role in effective fund transfer and discharge of debt obligation

CO162: Develop the knowledge about the laws related to various securities for banker's advances and Loans

CO163:  Evaluate and critically examine the role of various laws in effective functioning of Banking Industry in India.

Interactive Lectures, Discussion, Reading assignments, Demonstration, power point presentations, Self-learning assignments,  Seminar presentation, Giving tasks

 

Class test, Semester end examinations, Quiz, Assignments, Presentation, Individual and group projects

 

9.00
Unit I: 

Overview of Indian banking system-
• Meaning, Types of Banks, Functions,
• Importance and credit creation.
• Banking Products and Services –Types of Deposits and retail loans, third party products

9.00
Unit II: 

Banker- Customer Relationship-
• Definition, Types of relationship,
• Banker right and garnishee order.
• Innovative Banking - Meaning, Significance and Features
• Channels of Banking - ATM, internet, mobile, phone banking, POS
• E- Payment mechanism of Banks - plastic cards NEFT, RTGS, IMPS, SWIFT, ECS, payment wallets.

10.00
Unit III: 

Negotiable Instruments –
• Promissory note, Bills of Exchange and Cheque and demand draft - Concept, Feature, Parties,
• Types .Acceptance , Payment and Collection of negotiable instruments
• Crossing of cheque: Concept and types of crossing.
• Endorsement, Presentment of Negotiable instruments

7.00
Unit IV: 

Loans and Advances
• State Policy on Loans and Advances - Priority sector advances
• Securities for banker's advances and Loans- Modes of Charging Securities Lien, Pledge, Mortgage, Hypothecation etc. - Registration of Firms/Companies - creation of Charge and Satisfaction of Charge.

10.00
Unit V: 

Major Provisions related to banking laws
• RBI- Constitution of RBI & Management, Objectives, Functions, credit control measures
• Banking Regulation act 1949,
• Concept of Financial inclusion and financial literacy

Essential Readings: 

• P.N. Varshney, Banking law and Practice, Sultan chand and Sons, Delhi
• B.S. Khubehandani, Practice and Law of Banking, MacMillian India Limited
• Jain, Khanna, Tiwari, “ Banking and Public Finance” V.K India Enterprises, New Delhi.
• Natarajan S, Parameshwaran R, “ Indian Banking” S.Chand& Company LTD, New Delhi
• Shrivastava P.K.,Banking Law & Practice, Himalaya Publishing House, Bombay.

References: 

• Davar S.R., Banking Law & Practice, Vikas Publishing House, Delhi
• Shrivastava R.S., Nigam Divya, Management of Indian Financial Institutions” Himalaya Publishing House, New Delhi
• TannanM.L.,Banking Law and Practice, Indian Law House, Delhi
• Bhole, L. M., Financial Markets and Institutions, Tata McGraw Hill, Delhi.

e- RESOURCES:
• Inflibnet Shodhganga: www.shodhganga.inflibnet.ac.in
• National Digital Library
• World EBook Library
• https://www.rbi.org.in

REFERENCE JOURNALS:
• FIIB Business Review- http:// sagepub.com
• Vikalpa : http:// sagepub.com
• Directory of Open Access Journals

Academic Year: 
2023-2024
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