Indian Banking System

• Overview of Banking System
• Regulatory Framework and Compliances
A. Provisions of RBI Act 1935, Banking Regulation Act 1949,
Prevention of Money Laundering Act, 2002
B. Government and RBI's Powers
• Opening of New Banks and Branch Licensing
• Constitution of Board of Directors and their Rights
• Banks Share Holders and their Rights
• CRR and SLR Concepts
• Cash-Currency Management
• Winding up - Amalgamation and Mergers
• Powers to Control Advances - Selective Credit Control – Monetary and Credit Policy
• Audit and Inspection
• Supervision and Control - Board for Financial Supervision – its Scope and Role
• Disclosure of Accounts and Balance Sheets
• Submission of Returns to RBI
• Corporate Governance

• Case Laws on Responsibility of Paying and Collecting Banker Indemnities or Guarantees - Scope and Application
• Obligations of a Banker
• Precautions and Rights
• Laws relating to Bill Finance, LC and Deferred Payments
• Laws Relating to Securities - Valuation of Securities - Modes of Charging Securities
• Lien, Pledge, Mortgage, Hypothecation etc. - Registration of Firms/Companies - Creation of Charge and Satisfaction of Charge

• Law of Limitation - Provisions of Bankers Book Evidence Act - Special Features of Recovery of Debts Due to Banks and Financial Institutions Act, 1993
• TDS
• Banking Cash Transaction Tax
• Service Tax
• Asset Reconstruction Companies
• The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
• The Consumer Protection Act, 1986
• Banking Ombudsman
• Lok Adalats
• Lender's Liability Act

• The legal relationship between the Banker and Customer, the Multifarious Transactions between them and the
Rights and Duties of the Parties springing out of such relationships
• Nature of Banking Business
• Legal Nature of Banker-Customer Relationship and their Mutual Rights and Duties
• Special Categories of Customers, such as Corporations, Partnership Firms, Hindu Joint Families, Unincorporated Bodies, Trusts, Joint Account Holders, Minors, Nominee Accounts, Liquidator, Mercantile Agents, Non-Resident Indians, Foreigners and the Legal Incidence of each.

• Different Types of Accounts such as Current
Accounts, Savings Bank Account and Fixed Deposits
• Other Transactions between Banker and Customer such as Safe Deposit Vaults, Financial Advice, Letters of Introduction and Other Services Rendered by Banks
• Special features of the relationship between banker
and customer - Their mutual rights and duties - lien - Power to combine different accounts - Secrecy of account