Banking law and Practices

Paper Code: 
ATG 513
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The students would be able to acquire knowledge related to functions associated with banking and banking services and technology.

7.00
Unit I: 
Introduction

Banks- Meaning, Types of Banks, Functions, Importance and credit creation. Banking Products and Services –Types of Deposits and retail loans.
RBI- Management and Administration, Functions, Credit control measures.

8.00
Unit II: 
Banker- Customer Relationship-

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
Payment mechanism of Banks - cheques, demand drafts, NEFT, RTGS, ECS

12.00
Unit III: 
Negotiable Instruments –

Promissory note, Bills of Exchange and Cheque.- Concept, Feature, Parties, Types , Acceptance, Collection and Payment of Negotiable Instrument. Endorsement – Meaning and Types.

8.00
Unit IV: 
Presentment

Meaning ,Purpose ( acceptance, sight & Payment)Time and place of Presentment.
Collection and Crossing:- Concept, Liabilities & duties of collecting banker and types of crossing.
An overview of third party products offered by Banks - mutual funds, insurance, gold and forex services.

10.00
Unit V: 
Financial inclusion and literacy

Banking Regulation act 1949, RBI Act 1934 –Main Provisions KYC and ALM.
Customer Protection - Customer service guidelines of RBI and Banking ombudsman.

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

References: 

• Davar S.R., Banking Law & Practice, Vikas Publishing House, Delhi

• Shrivastava P.K.,Banking Law & Practice, Himalaya Publishing House, Bombay

• Shrivastava R.S., Nigam Divya, Management of Indian Financial Institutions” Himalaya Publishing House, New Delhi
• Tannan M.L.,Banking Law and Practice, Indian Law House, Delhi
• Bhole, L. M., Financial Markets and Institutions, Tata McGraw Hill, Delhi.
• Ghosh, D ., Banking Policy in India, Allied Publications, Delhi

Academic Year: 
2016-2017
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