I.K.G. Punjab Technical University
Bachelor of Commerce (Hons.) Batch 2018 onwards
BCOP 621-18
Banking Laws & Services
Course Objective: The main objective of this module is to make the student aware about the various laws applicable to banks and the various practices prevalent in the banking industry and creating a base for advanced level study of the Banking laws and practices.
UNIT I
Origin and evolution of Indian Banking, Banking system and structure in India: Types of banks viz., Commercial Banks, Small Finance Banks Payments Banks, Co-operative Banks, public sector banks, private sector banks, foreign banks and Regional Rural Banks (RRB). Role of Reserve Bank as regulator of banking system; Changes in the role and functions of commercial Banks
UNIT II
Regulatory and Compliance Framework: Reserve Bank of India act, 1934– its incorporation, central banking functions provisions relating to Non-banking institution, receiving deposits and financial institutions, penalties. Role and functions of RBI- Credit control Techniques.
Banking Regulation Act, 1949- Definitions, business of banking companies, suspension of business and winding up of banking companies, provisions relating to certain operations of banking companies.
UNIT III
NPA and Securitization: NPAs, NPA categories, Provisioning norms, SARAFAESI Act.
Basel Framework: Bank for International Settlements (BIS), Basel Accords.
Banker Customer Relationship and their Roles & Responsibilities: Banker – Customer relations; Types of relationship between banker and customer, Bankers obligations to customers, Right of lien, set off, appropriation, Provisions of Negotiable Instrument Act, 1881 – Bankers legal duty of disclosure and related matters.
UNIT IV
Banking Services: Payment and Collection of cheques- Duties and responsibilities of paying and collecting banker, Protection available to paying and collecting banker under Negotiable Instrument Act.
Security Creation: Pledge, Hypothecation, Mortgage, Assignment.
Other Banking Services: Fund based services, Non fund based services, Money remittance services, banking channels, Financial inclusion.
->Suggested Readings:
- Varshney P.M., Banking Law & Practice, Sultan Chand & Sons
- Tannan M. L., Tannan’s Banking law and practice in India, LexixNexixButterworhts
- Wadhwa Nagpur
- Desai V. J., Indian Banking Law and Practice, Himalaya Publishing Home
- Sheldon & Folder’s, Practice and Law of Banking, Financial Times Prentice Hall
- Gupta S. N., The Banking Law in Theory and Practice, Law Publishers
- Hapgood M., Paget’s Law of Banking, Lexis Nexis UK
- Singh A., Laws of Banking and Negotiable Instruments, Eastern Book Company
INDEX | |
SR. NO. | TOPICS |
UNIT – I | |
1 | Bank: Definition, Importance And Functions. |
2 | Indian Banking System; Structure And Organization And Services Provided By Banks: Commercial Banks; Regional Rural Banks; Cooperative Banks. |
3 | Functions Of A Bank In An Economic Development, changing role. |
4 | Important Short & Long Questions |
UNIT – II | |
5 | RBI Act-1934- Meaning, Framework, Functions, Role, Powers, Penalties. |
6 | Incorporation, Provisions of Non-financial & Financial Institutions of RBI. |
7 | Monetary Policies And Techniques Of Credit Control |
8 | RBI Act-1949- Meaning, Framework, Functions, Role, Powers, Penalties. |
9 | Suspension of business and winding up of banking companies, |
10 | Provisions relating to certain operations of banking companies. |
11 | Important Short & Long Questions |
UNIT – III | |
12 | Non-Performing Assets. |
13 | SARAFAESI Act 2002. |
14 | Basel Norm-I,II,III and BIS |
15 | Banker Customer Relationship and their Roles & Responsibilities |
16 | Negotiable Instrument Act,1881. |
17 | Important Short & Long Questions |
UNIT IV | |
18 | Banking Services: Payment and Collection of cheques. |
19 | Security Creation: Pledge, Hypothecation, Mortgage, Assignment. |
20 | Fund based services, Non fund based services |
21 | Money remittance services |
22 | Banking channels |
23 | Financial inclusion. |
24 | Important Short & Long Questions |
- Reference/Source:–
- Banking laws & Practice, SC Chand, sukhwindermishra
2. Banking laws & Practice, Kalyani Publishers, S.N Maheswari& S.K
Maheswari
3. http://bankinglaw.lawnotes16mrks.com/
4. https://www.slideshare.net
5. http://www.vedantu.com/
6. https://www.yourarticlelibrary.com/
7. https://www.wikipedia.com
8. https://www.accountingnotes.net/
9. https://www.boi.org.il/
10. https://www.investopedia.com/
11. https://www.bis.org/
12. https://corporatefinanceinstitute.com/
13. https://economictimes.indiatimes.com/
14. https://byjus.com/
15. https://www.economicsdiscussion.net/
16. https://www.rbi.org.in/
17. https://www.toppr.com/
18. https://whatis.techtarget.com/
19. http://economyria.com/
20. https://smartasset.com/ - 21. https://www.srdlawnotes.com/
- 22. https://www.aaptaxlaw.com/
- 24. https://www.papertyari.com/
Course Features
- Lectures 24
- Quizzes 0
- Duration 50 hours
- Skill level All levels
- Language English
- Students 9
- Assessments Yes