Banking Laws & Practices

Paper Code: 
BIE 231
Credits: 
6
Contact Hours: 
90.00
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.

 

18.00
Unit I: 
Business of banking

Business of banking- Definition of banking, Permitted business & Prohibited business.Legal framework of Banks- constitution of Banks,

18.00
Unit II: 
Banking Acts

RBI act 1834 and Banking Regulation Act 1949 (Recent Amendments), Introduction to SARFAESI Act 2002

18.00
Unit III: 
Banking Ombudsman Scheme 2002

Definitios, purpose, establisment, powers and procedure for redressal of grievance.

18.00
Unit IV: 
Banker customer relationship

Banker- Customer Relationship: meaning of ' Banker and customer, general and special features of their relationship, their rights and duties, Concept of KYC

18.00
Unit V: 
crossing

Crossing- Endorsement, payment and collection of cheques, forged insturuments, bouncing of cheques, various laws affecting bankers

References: 
  • 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 Delhi
  • N.Kumar & R. Mittal,Banking Law & Practice, Anmol publication, New Delhi
     
Academic Year: 
2018-2019
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