Banking Laws & Practices

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

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

Control over Organisations of Banks- Introduction, Licensing of Banking companies, Subsidiaries of Banking companies, control over management.

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

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