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Banking law and practices [1]

Paper Code: 
COM 503
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: 
Banks

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

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

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

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

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: 
2017-2018 [2]

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Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/banking-law-and-practices-3

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/banking-law-and-practices-3
[2] https://accountingtaxation.iisuniv.ac.in/academic-year/2017-2018