Banking law and Practices

Paper Code: 
FSG 513
Credits: 
02
Contact Hours: 
30.00
Max. Marks: 
100.00
Objective: 

  CourseObjective:

  The objective of this course isto acquire knowledge related to  functioning of banking systemandmajor 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

FSG 513

Banking law and practices

CO168.Understand the structure and functioning of banking system in India and various types of products and services provided by these banks.

CO169. To apply the knowledge use of technology in banking and various innovative banking channels and payment mechanism.

CO170.To gain knowledge of various negotiable instruments and there uses in banking.

 CO171.Know about the concept of endorsement and presentment in case of negotiable instruments.

CO172.Acquire knowledge relating to the major Acts pertaining to the functioning of banks 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

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 & Innovative Banking

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 & Crossing of cheques

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 & Presentment

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

10.00
Unit V: 
Financial inclusion , literacy and Banking Acts

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

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.

Academic Year: 
2020-2021
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