Banking law and Practices

Paper Code: 
COM 503
Credits: 
3
Contact Hours: 
45.00
Objective: 

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

7.00
Unit I: 

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- 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: 
  1. P.N. Varshney, Banking law and Practice, Sultan chand and Sons, Delhi
  2. B.S. Khubehandani, Practice and Law of Banking, MacMillian India Limited
  3. Jain, Khanna, Tiwari, “ Banking and Public Finance” V.K India Enterprises, New Delhi.
  4. Natarajan S, Parameshwaran R, “ Indian Banking” S.Chand & Company LTD, New Delhi
References: 
  1. Davar S.R., Banking Law & Practice, Vikas Publishing House, Delhi
  2. Shrivastava P.K.,Banking Law & Practice, Himalaya Publishing House, Bombay
  3. Shrivastava R.S., Nigam Divya, Management of Indian Financial Institutions” Himalaya Publishing House, New Delhi
  4. Tannan M.L.,Banking Law and Practice, Indian Law House, Delhi
  5. Bhole, L. M., Financial Markets and Institutions, Tata McGraw Hill, Delhi.
  6. Ghosh, D ., Banking Policy in India, Allied Publications, Delhi
Academic Year: 
2018-2019
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