Banking Laws & Practices

Paper Code: 
BIE 231
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

To acquaint the students with the banking laws and practices

18.00
Unit I: 
Business of banking-

Definition of banking, Permitted business & Prohibited business.Legal framework of Banks- constitution of Banks, RBI Act 1934, Banking Regulation Act, 1949.

18.00
Unit II: 
Regulation of Banks

- RBI as Central Bank, Government as a regulator of Banks, Regulated by other authorities.

18.00
Unit III: 
Control over Organisations of Banks

- Introduction, Licensing of Banking companies, Subsidiaries of Banking companies, control over management

18.00
Unit IV: 
Regulation of banking business

- Introduction, Regulation of payment system, Regulation of interest rate, Internet Banking, Maintenance of cash reserve & liquid assets.

18.00
Unit V: 
Public Sector Bank & co-operative banks

- Introduction, SBI & its Subsidiaries, Regional Rural Banks, nationalized banks, Application of Banking Regulation Act to Public Sector Banks, Disinvestment in Public Sector banks

Essential Readings: 
  • 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: 
2016-2017
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