Banking law and Practices

Paper Code: 
COM 503
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- 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: 
  • 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: 
2018-2019
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