Banking Laws and Practices

Paper Code: 
BIE 231
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

The course will give knowledge inputs to the candidates and expose them to the operational process and modern banking environment

12.00
Unit I: 
Introduction to banking system of India

Evolution of Banking and its history in India.Structure and function of Banking Institutions—The different types of Banks viz. Central Bank, Commercial Bank, Co-operative Banks, Specialized Banks, Regional Rural Banks (RRBs)Systems of Banking: Unit banking, branch banking, group banking and chain banking

12.00
Unit II: 
Regulatory Framework

Banking Regulation Act, 1949, RBI Act 1934, prevention of money laundering ACT 2002

12.00
Unit III: 
Banking related laws

Securitization And Reconstruction Of Financial Assets And Enforcement Of Security Interest, Act 2002 [SARFAESI], Recovery Of Debts Due To Banks And Financial Institutions Act 1993 [DRT ACT]  Banking ombudsman Scheme 2002, BASEL ACCORDS

12.00
Unit IV: 
Banker-Customer Relationship

Meaning of ‘Banker’& ‘Customer’, General & Special features of their relationship, Their rights and duties. special type of customers, Legal character of Banker – Customer relationship, principles of lending, Concept of KYC.

12.00
Unit V: 
Electronic Banking

Electronic banking and IT in banks:IT and Communication Systems – Important features ,Communication Networks in Banking System, Automated Clearing Systems , Clearing House Inter-bank Payment System (CHIPS) , Internet Banking ,Core Banking Solutions (CBS) Computerization of Clearing of Cheques , Cheque Truncation System (CTS)

Role of Central Bank In Payment Mechanism: RBI – Payments and settlements System , Digital Certificate and Digital Signature ,

Cyber Crimes and Fraud Management : Cyber Crimes ,Classification of Cyber Crimes ,Financial Crimes , Integrated Communication Network for Banks Security and Control Systems , Information System Security (ISS) , Information Technology Act, 2000

 

Essential Readings: 
  • Study material –Banking Law and Practice , Module 3  ICSI.
  • Legal Aspects of Banking Operations, Macmillian(India) Limited, New Delhi
  • Practice and law of banking, Macmillian(India)limited, New Delhi
  • Khan, Masood Ahmed,Banking in India, Anmol Publication, New Delh

 

References: 

N.Kumar & R. Mittal,Banking Law & Practice, Anmol publication, New Delhi

Academic Year: 
2019-2020
  • Printer-friendly version
  • PDF version