Banking law and practices

Paper Code: 
COM 503
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The objective of this course is to acquire knowledge related to functioning of banking system and major act pertaining to its functioning in India.

 

Course Outcome(COs):

Course

Learning Outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

COM 503

Banking law and practices
  1. To Understand and Compare the Different Types Of Products And Services And Third Party Products Offered By Various Banks.
  2. To differentiate between various innovative banking channels and to select the appropriate payment mechanism for effective transfer of funds.

 

  1. To analyse the features of various negotiable instruments used in banking and to evaluate their role in effective fund transfer and discharge of debt obligation

 

  1. To analyse different methods of endorsement and Presentment of various negotiable instruments

 

  1.   To evaluate and critically examine the role of various laws in effective functioning of Banking Industry in India.

 

Approach in teaching:

Interactive Lectures, Discussion, Reading assignments, Demonstration, power point presentations

 

Learning activities for the students:

Self-learning assignments,  Seminar presentation, Giving tasks

 

Class test, Semester end examinations, Quiz, Assignments, Presentation, Individual and group projects

 

9.00
Unit I: 
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 - mutual funds, insurance, gold and forex services.

 

9.00
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, POS
  • E- Payment mechanism of Banks -  plastic cards NEFT, RTGS,IMPS,SWIFT, ECS, payment wallets.

 

10.00
Unit III: 
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.

 

7.00
Unit IV: 
Endorsement –

Meaning and Types.

Presentment:-Meaning ,Purpose ( acceptance, sight & Payment)Time and place of  Presentment.

10.00

Concept of Financial inclusion and literacy

Banking Regulation act 1949, RBI Act 1934 –Main Provisions 

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
  • 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
  • TannanM.L.,Banking Law and Practice, Indian Law House, Delhi
  • Bhole, L. M., Financial Markets and Institutions, Tata McGraw Hill, Delhi.

 

Academic Year: 
2021-2022
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