Banking Law and Practices

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

Course Objectives:

This course will enable the students to-

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

Paper Code

Paper Title

COM  503

BANKING LAW AND PRACTICES

CO 165 Build relevant theoretical and practical knowledge about filling various banking forms.

CO 166 Prepare and demonstrate the trends of various economic indicators.

CO 167 Build relevant theoretical and practical knowledge about various innovative banking channels.

CO 168 Be able to study in detail the recruitment and selection process of various companies.

CO 169 Prepare and demonstrates checklist of audit procedure

 

Approach in teaching:

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

 

Learning activities for the students:

Self learningassignments,   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

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
Unit V: 
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

References: 

• 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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