The objective of this course is to acquire knowledge related to functioning of banking system andmajor act pertaining to its functioning in India.
Course Outcomes (COs):
Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Paper Code |
Paper Title |
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COM 503 |
BANKING LAW AND PRACTICES |
CO 165Build relevant theoretical and practical knowledge about filling various banking forms. CO 166Prepare and demonstrate the trends of various economic indicators. CO 167Build relevant theoretical and practical knowledge about various innovative banking channels. CO 168Be able to study in detail the recruitment and selection process of various companies. CO 169Prepare and demonstrates checklist of audit procedure
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Approach in teaching: Interactive Lectures, Discussion, Reading assignments, Demonstration, power point presentations
Learning activities for the students: Self learningassignments, Seminar presentation, Giving tasks
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Class test, Semester end examinations, Quiz, Assignments, Presentation, Individual and group projects |
Banks- Meaning, Types of Banks, Functions, Importance and credit creation. Banking Products and Services –Types of Deposits and retail loans, An overview of third party products offered by Banks
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, POS E-Payment mechanism of Banks - plastic cards NEFT, RTGS,IMPS,SWIFT, ECS, payment wallets
Negotiable Instruments - Promissory note, Bills of Exchange and Cheque and demand draft.- Concept, Feature, Parties, Types . Acceptance , Payment and Collection of negotiable instruments Crossing of cheques :- Concept and types of crossing
Endorsement – Meaning and Types. Presentment:- Meaning ,Purpose ( acceptance, sight & Payment)Time and place of Presentment.
Concept of Financial inclusion and literacy Banking Regulation act 1949, RBI Act 1934 –Main Provisions
• 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
• 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