Banking Laws & Practices

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

Regulatory framework: Banking Regulation Act, 1949, RBI Act 1934, prevention of money laundering ACT 2002.

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

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.

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